President Ferdinand Marcos Jr.’s economic team on Tuesday unveiled an eight-point agenda aimed at achieving his administration’s goals of bringing down the poverty rate to a single-digit and elevating the country’s status as an upper-middle income economy.
In his remarks during the post-State of the Nation Address Economic Briefing in Pasay City, Finance Secretary Benjamin Diokno said that while the economy is expected to continue its expansion, “the operating environment remains uncertain and difficult.”
Reduce vulnerability and mitigate scarring from the COVID-19 pandemic by tackling health, strengthening social protections, and addressing learning losses; Create quality jobs by increasing employability, encouraging research and development and innovation, enhancing digital economy;Uphold public order and safety, peace, and security; and
“The economic team is committed to implementing a medium-term fiscal framework. This serves as our blue print to reduce fiscal deficit, promote fiscal sustainability, and enable robust economic growth,” he added.to 9% by the end of his six-year term and bring the Philippines to “upper-middle income status by 2024” with “at least $4,256 income per capita.”
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.
LIVE UPDATES: President Ferdinand Marcos Jr.'s first State of the Nation Address | SONA 2022Senator Imee wants her brother President Ferdinand Marcos Jr. to name the agricultural smugglers and corrupt customs and BIR officials in his SONA speech. Updates:
Read more »
SUMMARY: Ferdinand Marcos Jr.’s Sona 2022PRESIDENT Ferdinand 'Bongbong' Marcos Jr. delivered Monday, July 25, 2022, his first State of the Nation Address (Sona) at the Batasang Pambansa Complex in Quezon City.He...
Read more »
Stunning dresses flood Congress’ red carpet for Ferdinand Marcos Jr.’s first SONADonning attires made by acclaimed Filipino designers, politicians and their spouses dressed up for President Bongbong Marcos’s first State of the Nation Address (SONA). See the photos.
Read more »
Will Marcos Jr. step out of dad's shadow?Now that he has been elected as the country's 17th president, Marcos Jr. appears to be not stepping out of the shadow of his strongman father and namesake, based on some of his appointments and policies.
Read more »
![[OPINION] What must the green agenda be for a Marcos Jr. presidency?](https://i.headtopics.com/images/2022/7/24/rapplerdotcom/opinion-what-must-the-green-agenda-be-for-a-marcos-jr-presidency-1551141622179663872.webp?w=640)
[OPINION] What must the green agenda be for a Marcos Jr. presidency?'Marcos, whose home province is one of the country’s centers of renewable energy, needs to provide leadership in steering the Philippines towards this needed energy transition.' Opinion
Read more »
Various groups stage protest rally in Davao City as Pres. Marcos Jr. delivers first SONAVarious progressive groups here called on President Marcos Jr. to consider the nine-point people’s agenda that seek to advance the workers’ and people’s rights.
Read more »