THE GOVERNMENT has set P1.4 billion in primary spending for the first quarter of 2026 to support economic recovery, Finance Secretary Frederick Go said.
The move follows slower economic growth of 4.4 percent in 2025, down from 5.7 percent in the previous year, amid factors such as the flood-control corruption scandal, weather disturbances, and global economic uncertainties.
Speaking on the sidelines of the Philippine Life Insurance Association (PLIA) officers’ oath-taking ceremony in Makati City on January 30, Go said he met with officials from various government agencies last week to discuss the expenditure plan.
“It’s P1.4 billion for primary spending for the first quarter,” he said.
Primary spending refers to total expenditure for a certain period, excluding payment for government liabilities.
Go said the meeting included officials from the five largest spending agencies this year: Department of Education, Department of Public Works and Highways, Department of Health, Department of Transportation, and Department of Agriculture.
“I’m constantly coordinating with the DBM (Department of Budget and Management) on the release of these funds because we need them to circulate in the economy,” he said.
In his speech, Go assured PLIA members that the country’s economic fundamentals remain strong.
“None of the macroeconomic fundamentals have changed. So, we should get back on track this year,” he said.
The government’s growth target for 2026 is 5 percent to 6 percent. (PNA)
