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Philippines submits 108.8 bln USD budget for 2025

MANILA, July 29 (Xinhua) — The Philippines’ Department of Budget and Management (DBM) on Monday submitted the proposed 2025 budget or national expenditure program (NEP) to the House of Representatives for scrutiny.

Budget Secretary Amenah Pangandaman said the proposed 2025 budget amounts to 6.352 trillion pesos (roughly 108.8 billion U.S. dollars), equivalent to 22 percent of the gross domestic product and 10.1