The Development Budget Coordination Committee (DBCC) has adjusted its growth target for 2025, the National Economic Development Authority (NEDA) said on Thursday.

During a Palace briefing, NEDA Secretary Arsenio Balisacan said they have proposed a PHP 6.2 trillion 2025 national budget, which is equivalent to 21.4 percent of GDP and higher by 7.5 percent compared to the 2024 national budget.

Balisacan noted that these growth targets will sustain the country’s position as one of the fastest-growing emerging economies in the Asia Pacific Region.

He assured that government spending will “remain focused on delivering high-impact and transformative public infrastructure projects and essential social services, especially for the poor and vulnerable.”