Senate, House leaders sign 2026 budget bicam report ahead of ratification

Following the bicameral committee's approval of the P6.793-trillion 2026 General Appropriations Bill, Senate and House leaders signed the conference committee report on Friday at the Philippine International Convention Center. The move paves the way for ratification on Saturday and transmission to President Marcos for approval.

Building on the recent bicameral approval and expressions of confidence from Senate Finance Chair Sherwin Gatchalian, the signing ceremony for the 2026 General Appropriations Bill (GAB) conference committee report took place at 4 p.m. on December 27 at the Philippine International Convention Center in Pasay City. It was led by Gatchalian and House Appropriations Chair Mikaela Angela Suansing, expediting the path to ratification—expected the following day—before sending the bill to Malacañang.

Sen. Panfilo Lacson highlighted safeguards on unprogrammed funds, limited to foreign-assisted projects, local counterparts, and AFP modernization. Speaking on dwIZ, he expressed optimism for ratification based on Senate caucus consensus. "We’ve agreed to put in place enough safeguards," Lacson said, emphasizing ongoing congressional oversight during implementation. He noted the executive's review of questionable items and deferred veto decisions to President Marcos, while supporting a delayed signing in early January to minimize disruptions.

This follows earlier bicameral agreements to restrict controversial items rather than revert to Senate versions, aligning with prior transparency pushes and removals of lump sums like SAGIP to prevent misuse.

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President Marcos signs P6.793-trillion 2026 national budget, highlighting education and infrastructure allocations amid vetoes for prudent spending.
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Marcos signs P6.793-trillion budget for 2026

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President Ferdinand Marcos Jr. signed the P6.793-trillion national budget for 2026 on January 5, allocating a record P1.015 trillion to the Department of Education and P530.9 billion to the DPWH. He vetoed P92.5 billion in unprogrammed appropriations, leaving P150.9 billion, while vowing prudent spending to curb corruption. The budget bars political involvement in aid distribution, though critics question the remaining funds.

Senator Sherwin Gatchalian expressed confidence that President Ferdinand Marcos Jr. will approve the 2026 General Appropriations Bill following its bicameral committee approval. He highlighted a 'meeting of minds' between the Senate and House on the P6.793-trillion budget. Meanwhile, lawmakers are urging full disclosure of allocations per congressional district before the December 29 vote.

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The House of Representatives suspended sessions and extended its legislative calendar after approving the P6.793-trillion 2026 national budget in the country's first livestreamed bicameral conference. Speaker Faustino Dy III called it a 'turning point for transparency in the budget process.' The extension ensures proper ratification of the bicam report.

The Marcos administration has begun 2026 operating under the reenacted 2025 budget, as President Ferdinand Marcos Jr. continues reviewing the P6.793-trillion 2026 General Appropriations Bill received from Congress last week. Officials assure minimal disruption, echoing prior statements on the brief delay.

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The bicameral conference committee has approved an increase in funding for the Assistance to Individuals in Crisis Situations (AICS) program to P63.8 billion for 2026, despite concerns over potential political misuse. Lawmakers also addressed last-minute requests from government agencies and approved budgets for over 20 agencies. Malacañang insists on passing a new budget to avoid reenacting the previous one.

The French Senate adopted a revised version of the 2026 finance bill on Monday, December 15, by 187 votes to 109. This copy, favoring spending cuts over tax increases, will serve as the basis for discussions in the joint committee on Friday. Negotiations look challenging amid divergences between the two chambers.

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Argentina's Senate will convene this Friday to approve the 2026 Budget, with secured support for general approval but resistance to Article 30, which eliminates funding targets for education and science. The ruling party aims to pass it unchanged after lower house approval, while negotiating with allies to protect the controversial provisions. Javier Milei's government views this law as essential for its fiscal roadmap and signals to international markets.

 

 

 

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