Socioeconomic Planning Secretary Karl Kendrick T. Chua is hopeful that the next administration will adopt policy continuity as he also cautioned against reversing some important reforms enacted under the Duterte administration.
Chua, who is also head of the National Economic and Development Authority , said on Thursday, May 12, that the administration of presumptive president Ferdinand R. Marcos Jr. should maintain a responsible and prudent fiscal policy.
However, Chua also said that the presidential frontrunner should begin in outlining his plans about the economy to temper uncertainties in the financial markets on the country’s transition process. However, Marcos acknowledged that “the economic managers are going to be critical for the next several years because of the pandemic and the economic crisis. So that is something that we are looking at very carefully.”
A smooth transition at the DOF is crucial for the Marcos leadership, as his economic team will have to deal with rising consumer prices, and high debt load.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toni Gonzaga-Soriano congratulates Bongbong MarcosToni Gonzaga-Soriano congratulated her ninong former Senator Ferdinand “Bongbong” Marcos who is leading in the presidential race of the 2022 national elections.
Read more »
Partial, unofficial tally: Marcos has 30M votes, Robredo 14MMANILA, Philippines — The partial and unofficial results from the Commission on Elections (Comelec) transparency server as of 12:59 a.m. of Tuesday showed that former Sen. Ferdinand Marcos Jr.
Read more »
Cesar Montano urges critics to support and help Bongbong MarcosActor Cesar Montano has called on critics of former Senator Ferdinand “Bongbong” Marcos Jr. to respect the majority decision and support his incoming administration.
Read more »
Neophyte Sandro Marcos defeats Fariñas in Ilocos Norte 1st districtICYMI. The 27-year-old son of Ferdinand 'Bongbong' Marcos Jr. unseats the incumbent Ria Fariñas. PHVote WeDecide
Read more »
Sandro Marcos is new Ilocos Norte representativePolitical neophyte Sandro Marcos, the son of presumptive president Ferdinand “Bongbong” Marcos Jr., has been proclaimed as the representative of Ilocos Norte, the bailiwick of the Marcoses. VotePH | DYGalvezINQ
Read more »