DBCC to review economic targets against backdrop of global uncertainty

Résumé détaillé

MANILA – Malacañang on Tuesday said the Development Budget Coordination Committee (DBCC) will meet next month to review the country’s economic targets for 20...

ECONOMIC REVIEW. Members of the Development Budget Coordination Committee face the House of Representatives on Aug. 17, 2026, to present and defend the proposed PHP7.2-trillion National Expenditure Program for 2027. The DBCC is scheduled to meet in December to review the country’s economic targets for 2026 and 2027 amid global uncertainties and climate-related challenges. (Photo courtesy of DBM)

MANILA – Malacañang on Tuesday said the Development Budget Coordination Committee (DBCC) will meet next month to review the country’s economic targets for 2026 and 2027 amid global uncertainties and climate-related challenges.

In a press briefing, Palace Press Officer Claire Castro said the review would cover the country’s gross domestic product (GDP) growth, inflation and peso exchange rate projections.

Castro said the government expects to revise its economic assumptions and targets following the country's slower-than-expected economic performance.

"Alam naman po natin kung ano ang naganap at hanggang ngayon, nandiyan pa rin ang usapin tungkol sa krisis sa Middle East at nandiyan pa rin po ang malaking epekto ng very strong El Niño (We are all aware of what has happened, and the crisis in the Middle East remains a concern to this day, along with the significant impact of the very strong El Niño)," she said.

"So, magkakaroon po ng pagpupulong sa unang bahagi ng Disyembre ang Development Budget Coordination Committee or DBCC ng Economy and Development Council upang masuri pa ang mga microeconomic assumptions and targets (The Development Budget Coordination Committee or DBCC of the Economy and Development Council will meet in early December to further review the country's economic assumptions and targets)," Castro added.

Asked whether the government remains confident of achieving its economic growth target following the 2.1 percent GDP growth in the third quarter, Castro said the administration continues to implement measures to manage inflation and sustain economic activity.

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