Versuchen GOLD - Frei
Double-digit funding boost proposed for education, health in 2026
Business World Philippines
|August 14, 2025
THE DEPARTMENT of Budget and Management (DBM) proposed double-digit increases for the Education, Health and Transportation departments under the 2026 national budget, but reduced the allocation for the Public Works department by 12%.
The DBM on Wednesday submitted the P6.793-trillion National Expenditure Plan for 2026 to the House of Representatives, just over two weeks after President Ferdinand R. Marcos, Jr.’s State of the Nation Address, where he acknowledged public frustration and promised reforms in health, education and transport.
Next year’s budget is equivalent to 22% of the country’s gross domestic product (GDP), and is 7.4% higher than the P6.326-trillion national budget this year.
“The growth of our economy, the biggest contributor is government spending and infrastructure spending,” Budget Secretary Amenah F. Pangandaman told reporters after the turnover ceremonies. “Given what’s happening now, with global uncertainties, we also want to invest more in our people.”
The budget for the Education sector was increased by 16% to P1.224 trillion from P1.055 trillion this year, according to the President’s budget message.
This covers the allocation for the Department of Education (P928.5 billion, up by 18.7%), state universities and colleges (P134.9 billion, up by 6.1%), Commission on Higher Education (P33.9 billion) and Technical Education and Skills Development Authority (P20.2 billion).
“For the first time, the budget for basic and higher education has been increased monumentally to meet UNESCO’s (United Nations Educational, Scientific and Cultural Organization) recommended education spending target of at least 4% of the country’s GDP,” said Ms. Pangandaman.
National Government spending on education for next year would also meet the UNESCO-recommended 15-20% of total public expenditure.
“This is because we are determined to deliver immediate action on child nutrition, address the education crisis and support our youth so they can find jobs,” Ms. Pangandaman said. “If you have a young person who can read, who can study and is healthy, they will contribute to our workforce.”
INFRASTRUCTURE
Diese Geschichte stammt aus der August 14, 2025-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
NG gross borrowings decline in October
THE NATIONAL Government's (NG) gross borrowings declined in October amid a drop in foreign debt, the Bureau of the Treasury said.
2 mins
December 01, 2025
Business World Philippines
Honda Foundation extends aid to Typhoon Tino survivors
LATE LAST month, associates from the Cebu office of Honda Philippines, Inc. (HPI) representing Honda Foundation, Inc. (HFI) visited affected families in Barangay Cotcot, Liloan, Cebu.
1 min
December 01, 2025
Business World Philippines
Poll: Inflation likely eased in Nov.
HEADLINE INFLATION likely eased in November as lower prices of food, particularly rice, may have tempered higher utility costs during the month, analysts said.
3 mins
December 01, 2025
Business World Philippines
Filipinos push back as flood control scandal sparks fresh protest wave
BJ I. MABINI didn’t plan on joining a street protest. But when he saw videos of politicians’ relatives flaunting designer bags and luxury cars online — days after headlines warned that billions of pesos meant for flood control had vanished — he said he had reached his limit.
6 mins
December 01, 2025
Business World Philippines
The Good Meat elevates Noche Buena dishes with new twists
FOR FILIPINOS, Noche Buena is more than a feast.
1 min
December 01, 2025
Business World Philippines
SEVEN-SEATER CONTENDER
Mitsubishi unveils all-new Destinator
2 mins
December 01, 2025
Business World Philippines
DoST honors outstanding MSMEs at National Science, Technology and Innovation Week 2025
THE DEPARTMENT OF SCIENCE and Technology (DoST) recognized nine outstanding micro, small, and medium enterprises (MSMEs) under its Small Enterprise Technology Upgrading Program (SETUP) during the 2025 National Science, Technology, and Innovation Week (NSTW) held in Laoag City.
1 mins
December 01, 2025
Business World Philippines
PHL export prospects riding on tariff ruling by US Supreme Court
A US Supreme Court ruling on the reciprocal tariffs will shape the Philippines’ trade prospects as the justices grapple with President Donald J. Trump’s radical overhaul ofthe trading system, analysts said.
2 mins
December 01, 2025
Business World Philippines
PHL companies double down on sustainability – Schneider survey
ENERGY TECHNOLOGY SOLUTIONS provider Schneider Electric recently announced the results of its annual Green Impact Gap survey revealing that Philippine business leaders increasingly view sustainability as a driver of growth and competitiveness, even as they cite economic uncertainty and geopolitical instability as barriers to further sustainability investment.
1 mins
December 01, 2025
Business World Philippines
Rice, galunggong prices up, meat steady in mid-Nov.
PRICES of rice and galunggong (round scad) rose in mid-November, while pork and chicken prices were little changed, according to the Philippine Statistics Authority (PSA).
1 mins
December 01, 2025
Listen
Translate
Change font size

