President Ferdinand Marcos Jr. on Monday signed the Philippines’ 6.3 trillion peso ($109 billion) budget for 2025 after vetoing some public works and standby funding.

Philippine President Ferdinand Marcos Jr. signed the 2025 budget into law on Monday, saying a planned 10% increase in government spending to a record 6.33 trillion pesos ($109.2 billion) would support economic growth and reduce poverty.

More than 180 public works projects and 15 unprogrammed appropriations were scrapped from the 2025 national budget as President Marcos exercised his power to veto items in the spending law. In his veto message for the 2025 budget,

Marcos calls for ‘conscientious utilization’ of 2025 nat’l budget President Ferdinand Marcos Jr. has called for the “conscientious utilization” of the P6.326-trillion national budget for 2025. In his veto message to Congressional leaders on Tuesday,