President Ferdinand Marcos Jr. announced that the canceled flood control budget for 2026 will be realigned to priority sectors such as education, healthcare, and social services. The move aims to ensure public funds are used more efficiently and benefit a wider segment of the population. Economic managers explained that reallocating the budget allows the government…

The Department of Finance stated that the slower economic growth recorded in 2025 is considered a temporary setback, with stronger growth expected in 2026. Officials cited global economic challenges and cautious consumer spending as factors that affected growth performance. Looking ahead, the DOF remains optimistic due to planned infrastructure projects, improved investor confidence, and continued…

Inflation in the Philippines remained steady at 1.7 percent in October 2025, staying within the government’s target range. This stability provided relief to households as prices of basic goods and services showed minimal increases. Economists note that controlled inflation helps preserve purchasing power and supports consumer spending, which is vital for economic growth. The government…

The Department of Finance (DOF) reported that so-called ghost flood control projects have caused more than ₱100 billion in economic losses to the Philippines. These projects, which were funded but either unfinished or non-existent, failed to protect communities from flooding, resulting in damaged properties, disrupted businesses, and lost livelihoods. According to the DOF, the economic…