Department of Budget and Management (DBM) Secretary Amenah “Mina” F. Pangandaman is set to turn over the National Expenditure Program (NEP) for Fiscal Year 2025, with the theme “Agenda for Prosperity: Fulfilling the Needs and Aspirations of the Filipino People,” to Congress on Monday, July 29 2024.

Intended to support the administration of President Ferdinand R. Marcos Jr. in attaining economic and social transformation and guided by the Philippine Development Plan (PDP) 2023-2028, the proposed budget amounts to P6.352 Trillion,  which is equivalent to 22 percent of the country’s gross domestic product (GDP). This reflects a 10.1 percent increase from the P5.768 Trillion budget in 2024.

As emphasized by President Ferdinand R. Marcos Jr. during his third State of the Nation Address, the proposed National Budget for FY 2025 was crafted with the highest levels of care, diligence, and meticulous attention to detail. The President said, “We expect all agencies to ensure that every centavo allocated will be judiciously spent on our urgent priorities and socially impactful programs.”