SEVEN institutions including business groups have laid out proposals for the government to ensure the budget process would not result, in the future,...
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Maroc - BUSINESSMIRROR.COM.PH - A La Une - 12/Feb 16:02
Business groups decry lack of transparency in 2025 budget process
The recent outcry from seven prominent business groups regarding the 2025 National Budget should serve as a wake-up call. The concerns raised by the Financial Executives Institute of the Philippines, FinTech Alliance PH, Justice Reform Initiative, Management Association of the Philippines, Makati Business Club, Philippine Business for Social Progress, and the UP School of Economics Alumni Association, highlight a critical need for greater transparency and accountability in the budget process. The diversion of funds from essential social services to projects with questionable economic merit threatens the nation’s long-term stability and creditworthiness. (Read the BusinessMirror story: “7 groups push budget process reform,” February 6, 2025).
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