• President Ferdinand Marcos Jr. on Wednesday signed into law the 2024 national budget. This came more than a week after Congress approved and ratified the proposed spending plan.
  • Marcos signed the P5.768-trillion national budget in a ceremony held in the Malacañan Palace, marking the second full budget of his administration since 2022.
  • In total, the national budget for 2024 was 9.5 percent higher than the P5.268 trillion spending plan in 2023.
  • The education, transportation, and defense sectors received the biggest funding increases for next year.