OVP seeks P785.2-M budget for 2027, 11.7% lower than previous allocation

Seeking to sustain its programs and services despite reduced funding, the Office of the Vice President (OVP) proposed a ₱785.204-million budget for 2027, 11.7% lower than its ₱889.236-million allocation for fiscal year 2026.

Included in the National Expenditure Program (NEP), the proposed allocation will cover personnel requirements, operating expenses, capital outlay, and the implementation of the agency’s priority assistance programs nationwide.

Of the proposed budget, ₱220.232 million is allotted for Personnel Services, ₱561.651 million for Maintenance and Other Operating Expenses (MOOE), and ₱3.321 million for Capital Outlay. An additional ₱15.544 million will be automatically appropriated for the Retirement and Life Insurance Premium of OVP plantilla personnel.

Despite the reduced allocation, the OVP said the proposed budget would allow the agency to continue implementing its priority programs and services.

A significant portion of the MOOE budget, amounting to ₱193.103 million, is earmarked for the procurement of goods and the provision of livelihood assistance grants under the MagNegosyo Ta ‘Day program and other service-oriented initiatives.

Programs identified for funding include the Pagbabago Campaign, which targets 150,000 learners; Disaster Operations, targeting 23,000 individuals and families; R.I.I.C.E. Food Bags, targeting 30,000 individuals and families; and Libreng Sakay, expected to serve 1.2 million commuters.

The proposed allocation will also support the KALUSUGAN Food Truck and Disaster Operations, wheelchair distribution, Al-Janazah kits and other supplies, and the You Can Be VP Program.

The OVP also cited its budget utilization performance, reporting an obligation rate of 43.07% as of June 30, exceeding its 41% target, as it continued implementing programs for the year.

With a smaller proposed budget for 2027, the agency said it remains committed to directing available public funds toward essential services while maintaining prudent and responsible spending.