President Ferdinand R. Marcos Jr. finally created a new interagency committee to keep the country’s inflation within the government’s target.
PRESIDENT Ferdinand R. Marcos Jr. finally created a new interagency committee to keep the country’s inflation within the government’s target.
The IAC-IMO will use the result of its monitoring to come out with recommendations “to curb price spikes and promote food security” such as importation, which it will consolidate in a report to be submitted to the EDG for its consideration every quarter or as the circumstances may require. Last April, the government announced its target to keep the country’s inflation within five to seven percent this year.
The new issuance also reorganized the government’s Economic Development Cluster into the EDG “to ensure that the integration of programs, activities, and priorities toward sustained economic growth remains efficient and effective.”
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