Gov’t to revise spending as H1 wraps up

At the time of the original 2025–2026 budget speech in February, government expected revenues to reach P75.5 billion, with minerals contributing P15.8 billion or about 21%. The budget was due to carry a deficit of P22.1 billion or 7.6 percent of Gross Domestic Product (GDP).

However, the eagerly awaited recovery from the prolonged downturn in diamonds has not happened, with the United States' global tariffs adding greater uncertainty to the economically key sector.