Philippines’ Marcos seeks record $94 billion budget for 2023

The government of Philippine President Ferdinand “Bongbong” Marcos Jr. this week submitted a record 5.268 trillion pesos ($94 billion) 2023 budget to the House of Representatives. This is the highest-ever spending proposal sent to Congress, which is nearly 5% higher than his predecessor’s spending plan for 2022.

Education, infrastructure, food security, health care and clean energy got top priority in the 2023 budget, which was presented to Congress by a presidential representative.

Source: Nikkei Asia

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