MALACAÑANG said President Ferdinand R. Marcos, Jr. is still confident Congress can deliver a “clean” 2026 national budget in time, following recommendations thatMALACAÑANG said President Ferdinand R. Marcos, Jr. is still confident Congress can deliver a “clean” 2026 national budget in time, following recommendations that

Palace optimistic Congress can deliver ‘clean’ national budget on time

By Chloe Mari A. Hufana, Reporter

MALACAÑANG said President Ferdinand R. Marcos, Jr. is still confident Congress can deliver a “clean” 2026 national budget in time, following recommendations that a reenacted budget may be necessary.

“Senator Ping Lacson’s suggestion is good, but the President’s clear preference is to avoid having a reenacted budget,” Palace Press Officer Clarissa A. Castro told a news briefing in Filipino on Wednesday.

“It is still December — only Dec. 17 — and the President believes there is still enough time to study the budget thoroughly.”

Ms. Castro maintained the President is opposed to the use of a reenacted budget in early 2026, which Senator Panfilo M. Lacson, Sr. suggested amid questions over P5 billion worth of farm-to-market projects.

This is on top of an impasse over the P45-billion cut to the Department of Public Works and Highways’ (DPWH) budget, with senators firm on keeping the billions of pesos it cut, while congressmen warned that failing to restore funding could lead to economic losses.

This has prompted the bicameral conference committee to cancel deliberations of the proposed P6.793-trillion national budget for 2026 on Monday. It resumed late on Tuesday, tackling other agencies, while it tabled talks on the DPWH budget. 

“My position is — better a reenacted budget in January or even in the entire first quarter of 2026 than an unchecked, corruption-conducive and worse, graft-ridden GAA (General Appropriations Act),” he said, according to a statement on Tuesday.

“Most of my colleagues, at least in the majority bloc share the same sentiment.”

Lawmakers are racing to reconcile its budget differences before the Dec. 22 deadline, in time for the President’s signing before the yearend.

Failure to do so would force the government to operate under a reenacted budget, which would mirror the previous year’s spending plan and limit funding for new programs and projects.

Hansley A. Juliano, political science lecturer at the Ateneo de Manila University, cautioned that a blanket approach could stall key initiatives.

While a reenacted budget could safeguard taxpayer funds, Mr. Juliano said it also “risks cutting the legs off” of ongoing projects.

He recommended limiting any reenacted budget exclusively to the Public Works department’s allocations and ensuring unconstitutional provisions remain severable.

“Considering we are just dealing with the credibility of DPWH projects, it would not be fair to implicate all other government offices who have established credibility,” Mr. Juliano said via Facebook Messenger.

“If there is a budget to be reenacted, limit it only to the part of the DPWH. Severability of unconstitutional parts of the law should still be considered for this highlighting the need to balance fiscal prudence with continuity in public works projects.”

Market Opportunity
MAY Logo
MAY Price(MAY)
$0.01169
$0.01169$0.01169
-4.10%
USD
MAY (MAY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
CryptoMiningFirm turns phones, computers into passive crypto income tools

CryptoMiningFirm turns phones, computers into passive crypto income tools

CryptoMiningFirm offers simple, secure cloud mining with massive earnings potential, no hardware or technical setup required. A few months ago, a crypto investor testified that he was  overwhelmed by financial pressures. Traditional jobs demanded his time but barely covered expenses.…
Share
Crypto.news2025/09/20 01:06
Tether Launches PearPass, a Peer-to-Peer Password Manager Without Cloud Storage

Tether Launches PearPass, a Peer-to-Peer Password Manager Without Cloud Storage

Tether unveiled PearPass, a peer-to-peer password manager that eliminates the need for cloud storage and centralized servers, amid major breaches that have exposed
Share
CryptoNews2025/12/18 01:19