The Department of Budget and Management (DBM) recommended a P5.498-billion budget for housing agencies in 2027, the Department of Human Settlements and Urban Development (DHSUD) said on Tuesday, citing a proposal that is a fraction of the P60 billion sought by the housing department.BusinessWorld
DHSUD and its attached agencies are seeking a combined P60 billion for 2027, with the largest share earmarked for housing programs. The DBM's recommendation represents a significant gap between the two agencies' proposed allocations, posing challenges for the government's housing agenda.
The budget proposal comes amid ongoing efforts to address the country's housing backlog, which the government has targeted to reduce through various shelter programs. The final budget will depend on congressional deliberations later this year.