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2026 Budget: Austerity for the Poor, Largesse for the Rich
3 Articles
3 Articles
"The consequences of the planned cuts would be dramatic. "People cannot be cut short. People and their problems remain. "The national social budget for 2023 comprised around 950 million euros. A year later, the billion-euro limit was exceeded (1.019 million euros), in the budget of 2025 it was 1,035 billion euros – an increase of nine percent in total. Almost half of them are child and youth support (around 100 million), assistance to the disabl…
According to the Fiscal Observatory of the Javeriana, it ignores the needs of adjustment to the expenditure that have been so much demanded.# Growth
2026 Budget: Austerity for the Poor, Largesse for the Rich
The proposed 2026 national government budget is unfortunately not the budget the country needs amid slowing growth, increasing poverty and worsening hunger. Budget inhibitions The Php6.79 trillion national budget for 2026 may sound large, but the 7.4% increase from last year is actually lower than the 9.7% growth in 2025 and far below the historical average of 10.6% over the last 40 years. Economic growth is already slowing this year as it is, d…
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