The Department of Economy, Planning, and Development said the government may need up to P429 billion for relief and support measures if the Middle East conflict persists until December, covering subsidies, transport aid, and social protection programs.
Secretary Arsenio Balisacan noted that while funds are being sourced from current and future budgets, rising costs could strain resources amid monthly spending of up to P85 billion.
Sherwin Gatchalian warned that available standby funds may be depleted within months if the crisis continues, raising concerns over fiscal sustainability.
Economic managers said growth is unlikely to contract but may fall below targets, with projections downgraded to around three to four percent.
Meanwhile, agencies are exploring cost-cutting measures and budget reallocations, while the Department of Foreign Affairs assured continued agreements to protect Philippine interests abroad.
Source: PhilNews24 | April 14, 2026
