The House of Representatives committee on appropriations respects President Ferdinand Marcos Jr.’s decision to veto some items in the 2025 national budget, Ako Bicol party-list Rep. Elizaldy Co said on Monday.

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.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Marcos said he used his veto powers on 194 billion pesos of allocations after a thorough review of the spending bill approved by Congress.

President Ferdinand Marcos Jr. on Monday signed the 2025 General Appropriations Act after some delay. The P6.352-trillion budget will be tapped to fund the administration's key programs and projects next year.

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.

Philippine President Ferdinand Marcos Jr. signed the 2025 budget into law on Monday, saying a planned 10% increase in government spending to a record P6.33 trillion ($109.2 billion) would support economic growth and reduce poverty.