Philippine President Ferdinand Romualdez Marcos Jr. on December 30 signed into law the national budget worth 6.33 trillion PhP (109.3 billion USD) for 2025, 9.7% higher than the 2024 budget.

The national budget is emerging as a critical tool for Vietnam to catch up with global development trends, a National Assembly (NA) Deputy told the Vietnam News Agency.

Prosecutor General of the Supreme People's Procuracy of Vietnam Le Minh Tri has described businesses as particularly important entities, contributing to the economic stability and development, generating jobs for people and paying taxes to the national budget.

The Philippines will use over 11% of the proposed national budget for 2023 to repay its debts, the Department of Finance said on August 25.

The Ministry of Industry and Trade (MoIT) is collecting opinions on the draft National Energy Master Plan for 2021-2030 with a vision to 2050 to ensure national energy security.

The Asian Development Bank (ADB) has recently reduced its economic forecast for the Philippines to 6.2 percent this year from the previous 6.4 percent.

State-owned enterprises (SOEs) have been a leading pillar of the national economy and they make large contribution to the national budget.

Philippine President Benigno S. Aquino III signed a national budget of 3,002 billion peso (63 billion USD) for 2016 on December 22.