Prøve GULL - Gratis

Budget 'urgency' powers could weaken Congress

Business World Philippines

|

December 09, 2025

ROUTINE use of presidential “urgent” certifications in the budget process risks weakening Congress’ institutional power and turning it into a “concurring office” rather than a coequal branch, analysts said, as lawmakers rush to finish the record-high 2026 national budget.

- By Chloe Mari A. Hufana and Adrian H. Halili Reporters

The urgency label, which lets the Senate and House skip the constitutional rule requiring bills to pass readings on separate days, has become a powerful tool for compressing debate, rushing bicameral talks and shielding late insertions from scrutiny, they added.

“If we treat ‘urgent’ certifications as routine for every General Appropriations Act, five to 10 years from now, Congress will look more like a concurring office than a coequal branch,” Ederson DT. Tapia, a political science professor at the University of Makati, said in a Facebook Messenger chat.

Congress is finalizing the 2026 spending plan, which President Ferdinand R. Marcos, Jr. wants enacted by Dec. 29. The bicameral conference committee meets from Dec. 11 to 13, with leaders targeting to approve its report by Dec. 16.

The pressure reflects rising concerns about Executive influence over the process, especially after the palace urged lawmakers to speed up deliberations to avoid a reenacted budget.

The annual budget is a key check on presidential power, shaping the flow of public funds and determining which projects move to implementation.

Past practice shows how broad the urgency power has become. Mr. Marcos issued urgent certifications for both the 2024 and 2025 budgets, citing the need for continuous government operations. He has not yet done so for next year’s plan.

FLERE HISTORIER FRA Business World Philippines

Business World Philippines

Business World Philippines

The Bistro Group, going loca(l)

THE RETURN of Krazy Garlik under The Bistro Group's portfolio signifies Bistro's respect for local culture and its motivation to do more in the local scene (as opposed to their forte, bringing in international franchises).

time to read

2 mins

December 11, 2025

Business World Philippines

Peso edges up before Fed, BSP decisions

THE PESO inched up against the dollar on Wednesday as investors await the policy decisions of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP).

time to read

1 mins

December 11, 2025

Business World Philippines

Recycling as trade defense

Starting August 2026, Philippine brands that export food, cosmetics, electronics, and other goods to Europe must meet new standards on recyclability, labeling, and empty space. Failure to comply can create new barriers to entry.

time to read

5 mins

December 11, 2025

Business World Philippines

BSP, SEC ink deal on PERA data sharing

THE BANGKO SENTRAL ng Pilipinas (BSP) has signed a memorandum of agreement (MoA) with the Securities and Exchange Commission (SEC) to exchange and manage information on Personal Equity and Retirement Account (PERA) contributors.

time to read

1 mins

December 11, 2025

Business World Philippines

Gold rises; silver hits $60/oz milestone

GOLD GAINED on Tuesday as traders remained optimistic ahead of the US Federal Reserve's interest rate decision, while silver rose to hit an unprecedented $60 per ounce (oz) milestone amid supply constraints.

time to read

1 mins

December 11, 2025

Business World Philippines

ADB approves $400-million loan to improve ease of doing business in the Philippines

THE ASIAN Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government's efforts to improve the ease of doing business in the country.

time to read

2 mins

December 11, 2025

Business World Philippines

US stocks end slightly lower as investors await Fed rate decision

THE S&P 500 ended Tuesday’s session slightly lower as investors anticipated that the US Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest US bank warned of hefty expenses for 2026.

time to read

2 mins

December 11, 2025

Business World Philippines

Soybean futures extend slide; corn climbs after USDA data

US soybean futures hit their lowest in more than a month on Tuesday, pressured by uncertainty about Chinese demand for US supplies as well as expectations of large South American harvests, analysts said.

time to read

1 mins

December 11, 2025

Business World Philippines

ADB says PHL still likely to post second-fastest growth in Southeast Asia

THE ASIAN Development Bank (ADB) slashed its growth forecasts for the Philippines for this year and 2026 but it is still expected to be the second-fastest growing economy in Southeast Asia.

time to read

3 mins

December 11, 2025

Business World Philippines

Unemployment rate rises to 5%, highest in 3 months

THE NUMBER of jobless Filipinos rose by about 570,000 to 2.54 million in October from a year earlier, even as overall employment increased by 460,000, the Philippine Statistics Authority (PSA) reported on Wednesday, underscoring persistent vulnerabilities in the labor market despite headline job gains.

time to read

3 mins

December 11, 2025

Listen

Translate

Share

-
+

Change font size