In Austerity Times, Petro Government Projects a Budget of $601 Trillion for 2027
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TL;DR
- The proposed 2027 National General Budget (PGN) is 601.3 trillion pesos, a 10% increase from 2026.
- Public debt payments are projected to increase by nearly 30%, amounting to 124.5 trillion pesos.
- The transportation sector is expected to see an 83% increase in funding, rising to 37.5 trillion pesos.
- Information technology and communications sector funding will increase by almost 40%.
- Education, Health, Defense, and Labor are the sectors receiving the largest budget allocations.
- Science, Technology, and Innovation funding is projected to be cut by almost 92%.
- Sports and recreation funding will also see a reduction of nearly 60%.