DBM says 2026 policy ‘recalibration’ year for Philippines

MANILA, Philippines — The Marcos administration’s move to scale back its 2026 growth target was intended to give the government room to “recalibrate” priorities after a turbulent year, the Department of Budget and Management (DBM) said. “While growth expectations for 2026 have been moderated, economic managers view this period as an opportunity to recalibrate policy priorities—particularly