Government Spending
The Autonomous Fiscal Rule Committee (Carf) warned that net tax revenue in 2025 will be 8.3 trillion pesos below the DIAN's target. In its November report, Carf reviewed fiscal projections with data up to October, noting primary spending exceeding forecasts. This creates budgetary pressures that could extend into 2026.
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Amid slower economic growth in 2025, the Marcos administration plans to spend P1.3 trillion for the rest of the year, mostly on social services. This follows a plunge in government construction spending due to the flood control corruption scandal.
October 16, 2025 00:40