THE Office of the Vice President (OVP) is seeking a P785.2-million budget for 2027, marking an 11.7-percent cut from its P889.2-million appropriation this year.
In a statement released on Wednesday, the OVP said the proposed budget includes P561.651 million for operating expenses, with P193.103 million set aside for goods procurement and livelihood assistance under MagNegosyo Ta ’Day and other service programs. It said P220.232 million of the amount is for personnel services, P3.321 million for capital outlays, and P15.544 million for retirement and life insurance premiums. Among the programs listed for funding are Libreng Sakay, Pagbabago Campaign, Disaster Operations and R.I.I.C.E. Food Bags.The OVP said that its 43.07-percent obligation rate as of June 30 is higher than its 41-percent target. It noted that it has the capacity to implement programs despite the lower proposed allocation.
