MANILA (Reuters): Philippine President Ferdinand Marcos Jr (pic) asked Congress on Monday (Aug 22) for a record 5.29 trillion pesos (US$94.40 billion) government budget in 2023 to support an ambitious policy agenda aimed at boosting growth and lifting millions out of poverty.
Marcos' proposed budget, which is equal to 22.2% of the country's total economic output, is nearly 5% higher than his predecessor's spending plan for 2022.
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