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2025 Budget May Fall Short of Social Goals - Think Tank
The Philippine Star
|January 03, 2025
The Philippines' 2025 national budget may fail to deliver on critical social goals despite President Marcos' promises of improved education, healthcare, and food security, according to New York-based think tank GlobalSource Partners.
In a report, Diwa Guinigundo, Philippine country analyst at GlobalSource, said that Marcos, in the State of the Nation Address in July last year, promised to elevate the quality of education and skills training, especially among the youth.
The President also talked about enhancing the quality of the medical care system in the context of universal health coverage, increasing benefits under the Philippine Health Insurance Corp. (PhilHealth)'s system.
"But the Philippines' national budget for 2025 may not succeed in delivering on these lofty social goals in 2025," Guinigundo said.
The approved P6.352 trillion national budget, signed on Dec. 30, 2024, has drawn criticism for its allocation priorities and potential constitutional violations.
This story is from the January 03, 2025 edition of The Philippine Star.
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