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[BUSINESS] · Philippines · 2 sources

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Philippine cities propose significant budgets for 2027

Laoag City and Cagayan de Oro have introduced major budget proposals for the 2027 fiscal year.

In Laoag City, Mayor James Bryan Q. Alcid proposed a PHP1.67 billion annual budget, representing an 11.3% increase from the 2026 allocation. The proposal has been submitted to the Sangguniang Panlungsod for review. The budget aims to support sustainable growth, public service delivery, and the city’s vision of becoming a smart and resilient urban center through various programs and capital outlays.

Meanwhile, the Cagayan de Oro City Council approved a PHP9.55 billion total budget for 2027, covering the General Fund and Local Economic Enterprises/Utilities. Other legislative actions in Cagayan de Oro included the establishment of a Culture and Arts Council and various ordinances regarding property subdivisions and local compensations.

Entities

Cagayan de Oro · James Bryan Q. Alcid · Jocelyn ‘Bebot’ Rodriguez · Laoag City

Sources