Politics · Philippines Bureau
Senate panel greenlights DBM's P2.9-billion 2027 budget proposal
The Senate finance subcommittee has endorsed the Department of Budget and Management's proposed P2.9-billion budget for 2027, clearing the way for allocations to government agencies and local government units.
LSN Philippines ·
MANILA — Lawmakers moved forward with the government's budgetary planning Thursday as the Senate finance subcommittee approved the Department of Budget and Management's P2.9-billion budget proposal for the coming year.
The endorsement encompasses the full scope of DBM operations, including lump-sum allocations, budgetary support earmarked for government-owned and controlled corporations, and funds designated for local government units across the country.
The approval represents a key step in the legislative budget process, allowing the proposed appropriations to advance toward final congressional consideration. The budget framework is designed to support the DBM's administrative functions and facilitate fund distribution to entities under its oversight.
Lawmakers continue reviewing the national budget allocation ahead of formal passage, with various agency budgets undergoing subcommittee scrutiny to ensure efficient use of public resources.