Denemek ALTIN - Özgür

Analysts flag weak scrutiny, political incentives in PHL budget process

Business World Philippines

|

December 08, 2025

THE Philippines’ budget process remains weakened by shallow scrutiny and entrenched political incentives, analysts said, after a Supreme Court opinion last week said President Ferdinand R. Marcos, Jr. gravely abused his power when he rushed the 2024 national budget.

- By Chloe Mari A. Hufana

“There is always a problem when Presidents rush budgets in order to show achievements by yearend: it creates an illusion of efficiency at the expense of scrutiny,” Hansley A. Juliano, political science lecturer at the Ateneo de Manila University, said in a Facebook Messenger chat.

He noted that during the speakership of Ferdinand Martin G. Romualdez, Congress’ fast approval of budgets was framed as unity and discipline but in practice downplayed concerns about weak fiscal oversight.

Congress is now deliberating on the 2026 spending plan, with the President expected to sign it by Dec. 29. The Senate approved its version on second reading last week. The bicameral conference committee will meet from Dec. 11 to 13 to reconcile the House and Senate versions, with the report expected on Dec. 16.

Business World Philippines'den DAHA FAZLA HİKAYE

Business World Philippines

Business World Philippines

FIT TO A T

The Jetour T1 Lightning i-DM looks like a Bronco, feels like an X5

time to read

3 mins

December 15, 2025

Business World Philippines

Filipinos with multiple myeloma deserve a more holistic healthcare system

Every year, an estimated 932 Filipinos are diagnosed with multiple myeloma, a cancer of the blood that develops in plasma cells found in the bone marrow. Plasma cells are a type of white blood cell responsible for producing antibodies that help the body fight infection.

time to read

3 mins

December 15, 2025

Business World Philippines

Business World Philippines

New fish import rules aim for digital traceability, IUUF enforcement boost

THE Department of Agriculture said its new rules for importing fish and fishery products will introduce digitized supply chain traceability and strengthen safeguards against illegal, unreported, and unregulated fishing (IUUF).

time to read

1 min

December 15, 2025

Business World Philippines

Business World Philippines

Garment, textile growth seen at 2-5% in 2026 amid US tariff concession hopes

EXPORTS of garments, textiles, and apparel are expected to grow between 2% and 5% next year as the government negotiates a lower tariff with the US and as the industry explores new markets.

time to read

1 mins

December 15, 2025

Business World Philippines

Business World Philippines

Generational Money Mindsets: Spending, Saving, and Investing

How Filipinos across generations are redefining what “money” means to them

time to read

5 mins

December 15, 2025

Business World Philippines

Growth in big banks' assets, loans slowed sharply in Q3

THE PHILIPPINES' largest banks saw the weakest asset growth in over three years in the third quarter as the flood control mess weighed on economic activity.

time to read

3 mins

December 15, 2025

Business World Philippines

T-bill rates may drop on BSP cut

RATES of the Treasury bills (T-bills) on offer this week could end slightly lower after the Bangko Sentral ng Pilipinas (BSP) lowered borrowing costs again and with the US Federal Reserve’s policy path still uncertain.

time to read

2 mins

December 15, 2025

Business World Philippines

Debt yields rise as BSP easing cycle nears end

YIELDS on government securities (GS) traded in the secondary market mostly rose last week after the Bangko Sentral ng Pilipinas (BSP) signaled an imminent end to its easing cycle.

time to read

2 mins

December 15, 2025

Business World Philippines

Business World Philippines

Winford Manila kicks off holidays in 'full bloom'

THE HOLIDAY FESTIVITIES have fully bloomed at Winford Resort & Casino Manila, with the lighting of its Christmas tree (in photo) and the launch of Flourish in Full Bloom art exhibit by the University of the Philippines College of Fine Arts Alumni Association, Inc. (UPCFAAAI).

time to read

1 min

December 15, 2025

Business World Philippines

Business World Philippines

Xin Tian Di bags triple win at World Luxury Restaurant Awards 2025

CROWNE PLAZA Manila Galleria & Holiday Inn & Suites Manila Galleria celebrate excellence in authentic Chinese dining as its signature Chinese restaurant, Xin Tian Di, has achieved a triple victory at the prestigious 2025 World Luxury Awards, earning the distinctions of Best Chinese Cuisine in Asia, Best Authentic Cuisine in the Philippines, and Best Head Chef in the Philippines for Executive Chef David Chu.

time to read

1 min

December 15, 2025

Listen

Translate

Share

-
+

Change font size