The approval of this year's budget is backdropped by increased scrutiny and public outcry over billions of pesos were pocketed through government projects, manyThe approval of this year's budget is backdropped by increased scrutiny and public outcry over billions of pesos were pocketed through government projects, many

Marcos signs P6.793-trillion 2026 budget

2026/01/05 10:05

MANILA, Philippines — President Ferdinand Marcos Jr. signs the 2026 national budget into law on Monday, January 5.

The 2026 budget is the first under Marcos to be signed this late. Marcos typically signed budget bills into law before the previous fiscal year’s end.

The approval of this year’s budget is backdropped by increased scrutiny and outcry over billions in pesos that were pocketed through government projects, many of them related to flood control, that were substandard or non-existent.

Acting Budget Secretary Rolando Toledo said the 2026 budget “underscores the Marcos Jr. administration’s commitment to place the Filipino people at the center of the country’s growth by prioritizing key sectors that lay the foundation for inclusive development.”

Budget watchdogs earlier called on Marcos to act on P633 billion in “pork” items in 2026 budget, including P243 billion in “shadow pork” items or unprogrammed appropriations.

Toledo, in a press statement ahead of the national budget signing, said “several items under Unprogrammed Appropriations have been scrapped from the 2026 national budget as a result of the President’s decision to exercise veto powers” without going into specifics. – Rappler.com

Market Opportunity
PUBLIC Logo
PUBLIC Price(PUBLIC)
$0.02065
$0.02065$0.02065
-0.28%
USD
PUBLIC (PUBLIC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK FCA Plans to Waive Some Rules for Crypto Companies: FT

UK FCA Plans to Waive Some Rules for Crypto Companies: FT

The post UK FCA Plans to Waive Some Rules for Crypto Companies: FT appeared on BitcoinEthereumNews.com. The U.K.’s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday. However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks. The financial watchdog wishes to adapt its existing rules for financial service companies to the unique nature of cryptoassets, the FT reported, citing a consultation paper published Wednesday. “You have to recognize that some of these things are very different,” David Geale, the FCA’s executive director for payments and digital finance, said in an interview, according to the report, adding that a “lift and drop” of existing traditional finance rules would not be effective with crypto. One such area that may be handled differently is the stipulation that a firm “must conduct its business with integrity” and “pay due regard to the interest of its customers and treat them fairly.” Crypto companies would be given less strict requirements than banks or investment platforms on rules concerning senior managers, systems and controls, as cryptocurrency firms “do not typically pose the same level of systemic risk,” the FCA said. Firms would also not have to offer customers a cooling off period due to the voltatile nature of crypto prices, nor would technology be classed as an outsourcing arrangement requiring extra risk management. This is because blockchain technology is often permissionless, meaning anyone can participate without the input of an intermediary. Other areas of crypto regulation remain undecided. The FCA has plans to fully integrate cryptocurrency into its regulatory framework from 2026. Source: https://www.coindesk.com/policy/2025/09/17/uk-fca-plans-to-waive-some-rules-for-crypto-companies-ft
Share
BitcoinEthereumNews2025/09/18 04:15
Russia’s Central Bank Prepares Crackdown on Crypto in New 2026–2028 Strategy

Russia’s Central Bank Prepares Crackdown on Crypto in New 2026–2028 Strategy

The Central Bank of Russia’s long-term strategy for 2026 to 2028 paints a picture of growing concern. The document, prepared […] The post Russia’s Central Bank Prepares Crackdown on Crypto in New 2026–2028 Strategy appeared first on Coindoo.
Share
Coindoo2025/09/18 02:30
Will 2026 Be Another Pro-Crypto Year Under Trump 2.0?

Will 2026 Be Another Pro-Crypto Year Under Trump 2.0?

SEC Commissioner Caroline Crenshaw’s departure leaves the agency without a Democratic voice, strengthening Republican control and clearing the path for a more crypto
Share
Blockhead2026/01/09 19:30