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New Philippine Budget Seeks Inclusive and Sustainable Growth

The BGA Philippines Team, led by Managing Director Victor Andres Manhit, wrote an update to clients on President Marcos’ first full-year budget which seeks inclusive and sustainable economic growth. Context Philippine President Ferdinand “Bongbong” Marcos Jr. on August 22 submitted his first full-year budget to Congress for approval.The National Expenditure Program for fiscal year 2023 amounts to PHP 5.3 trillion ($94.5 billion) — 4.9 percent more than the previous budget and equivalent … Continue Reading

A small ginko leaf Victor Andres Manhit