The Development Budget Coordination Committee (DBCC) has adjusted its revenue projections for 2026, lowering the overall target to P4.807 trillion, or 15.78% of GDP. This reduction follows a lowered GDP growth projection of 3.5-4.5% due to global uncertainties and geopolitical tensions. Specifically, the Bureau of Internal Revenue (BIR) saw its collection target trimmed by 1% to P3.393 trillion, as Finance Undersecretary Rolando T. Ligon, Jr. noted the previous target was overly ambitious. Conversely, the Bureau of Customs (BoC) saw its target increased by 0.7% to P1.011 trillion, aided by a weaker peso and improved collection efforts. While tax revenue forecasts were revised downward, the DBCC raised its nontax revenue forecast by 4.3% to P365.1 billion. The government also recently lifted a three-month excise tax suspension on kerosene and LPG after crude oil prices stabilized.