PDIC lost P107B. Why is only P57B in the 2027 proposed budget — and not guaranteed?

The P57-billion figure may say more about the government’s tight fiscal limits than about what the state bank deposit insurer actually needs

MANILA, Philippines — Tensions flared on the first day of budget talks on the proposed 2027 spending plan after Navotas Rep. Toby Tiangco questioned why the House is not subject to the same scrutiny as other agencies. At a congressional briefing by an interagency budget council, Tiangco asked: “Is there a law that exem