BICAM CLEARS FINAL VERSION OF 2026 BUDGET
The bicameral conference committee has approved the final version of the proposed 2026 national budget, clearing the way for its submission to Malacañang for possible signing into law. According to initial information, the panel composed of representatives from the Senate and the House of Representatives reconciled differing provisions and aligned priority items during a series of meetings. Lawmakers described the harmonized measure as a product of compromise, with both chambers adjusting allocations in key sectors. As of now, there are no confirmed details on the exact total amount or the final breakdown by department, pending the release of the enrolled copy.
Based on preliminary reports, negotiators focused on funding for social services, infrastructure, and economic recovery programs, reflecting continuing efforts to strengthen post-pandemic growth. The 2026 spending plan is expected to support education, health, and transportation initiatives, although specific figures have yet to be publicly detailed. Budget provisions tied to climate resilience, digitalization, and regional development were also among the items discussed in the bicameral talks, according to lawmakers familiar with the process. Officials have emphasized that the final document must remain consistent with existing fiscal rules and the government’s medium-term expenditure framework.
Once the enrolled budget bill is transmitted to the President, it will undergo a final review before any possible signing or veto action. Under the Constitution, the Chief Executive may veto specific line items, subject to legal parameters and transparency requirements. As of now, there are no confirmed details on whether any portions of the 2026 budget are being considered for partial veto. Agencies meanwhile are preparing their respective spending plans in anticipation of timely approval, to avoid disruptions in programs and services at the start of the fiscal year.
Public interest in the 2026 budget remains high, as it will shape funding for local governments, social protection, and job-generating projects across the country. Civil society groups and policy analysts are expected to scrutinize the final allocations once the document is made available, particularly in areas such as poverty reduction and disaster preparedness. Budget officials have previously noted that implementation and monitoring will be crucial to ensure that appropriations translate into actual benefits on the ground. Further clarification on specific line items and priority programs is anticipated in the coming days
