Marcos forms team to review 2026 budget

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President Marcos Forms Team to Review 2026 Budget Ahead of Deadline

As the year draws to a close, President Ferdinand Marcos Jr. has taken proactive steps to ensure that the proposed 2026 national budget is thoroughly reviewed and signed into law before the end of the year. With Congress yet to ratify the P6.793-trillion budget, Marcos' decision to form a review team demonstrates his commitment to responsible governance and avoiding the need for a reenacted budget.

The Importance of Budget Review

In a statement released by Acting Presidential Communications Secretary Dave Gomez, Marcos emphasized the importance of a comprehensive review of the budget to ensure that taxpayers' money is used wisely and in line with societal goals. As early as now, the President is already mobilizing his team to facilitate an immediate review of all amounts and corresponding provisions agreed upon in the bi-cameral process and trace any changes made from the originally submitted National Expenditure Program (NEP), Gomez said.

Composition of the Review Team

While details on the composition of Marcos' review team have not been disclosed, Palace Press Officer Claire Castro has revealed that the President will be joined by members of the Department of Budget and Management in reviewing the budget. If further clarification is needed, Marcos may also summon Cabinet secretaries who head relevant agencies.

The Deadline Looms

Congressional ratification of the proposed budget is a required step before the President can sign it into law. With the country facing the possibility of adopting a reenacted budget if a new one is not passed by December 31, Marcos' decision to form a review team is seen as a proactive move to ensure that the government's priorities are reflected in the final budget.

The History of Reenacted Budgets

The Philippines has a history of having to operate on reenacted budgets. Since 2000, this has occurred five times, with four instances occurring during the administration of former President Gloria Macapagal Arroyo. In 2019, the government under former President Rodrigo Duterte was forced to run on a reenacted budget for the first four months due to delays in the approval of that year's General Appropriations Act.

Conclusion

In light of these circumstances, President Marcos' decision to form a review team is seen as a necessary step to ensure that the 2026 national budget reflects the government's priorities and avoids the need for a reenacted budget. By taking control of the review process, Marcos demonstrates his commitment to responsible governance and his willingness to work diligently to achieve the country's goals.

Keywords President Ferdinand Marcos Jr., 2026 national budget, budget review, Department of Budget and Management, Congress, General Appropriations Act, reenacted budget.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.