Philippines’ Marcos signs into law record $109 billion budget for 2025

Philippine President Ferdinand Marcos Jr. signed the 2025 budget into law, increasing government spending by 10% to a record 6.33 trillion pesos ($109.2 billion) to boost economic growth and reduce poverty. The budget allocates 1.053 trillion pesos to education, 1.034 trillion to public works, and 35 billion to military modernization, with some cuts drawing criticism from advocates. Marcos vetoed over 194 billion pesos in proposed spending, aiming to achieve 6.0-8.0% economic growth in 2025.

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