P1.307-T Fund Release to Spur Economic Growth – Palace
Manila: President Ferdinand R. Marcos Jr. has ordered the release of approximately PHP1.307 trillion in programmed appropriations to stimulate the Philippine economy, Malaca±ang announced. The fund release aims to ensure the speedy recovery of the country, especially in communities affected by recent calamities. According to Philippines News Agency, Palace Press Officer Claire Castro stated that the funds would mainly be allocated for social services for the remainder of 2025, creating a ‘multiplier effect’ on the economy. The government believes that proper utilization of public funds in sectors such as infrastructure, health, education, and direct subsidies will help stimulate economic growth