That's nearly two decades from now.
Philippines’ President Ferdinand Romualdez Marcos addresses the 77th Session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 20, 2022. REUTERS/Amr Alfiky. told the United Nations General Assembly on Wednesday that he expects the county to be “moderately prosperous” by 2040.”
“With steady investment in food [security], public health, education, and other social services, we expect to become a moderately prosperous country by 2040,” he said. “I am confident that we will achieve this vision.” Marcos also said that the Philippines was on track to a higher income status by 2023 despite the COVID pandemic, inflation and rising costs of food and fuel.
“Despite the challenges of the pandemic and the global economic upheavals, we remain on track to reach upper middle-income status by next year,” he remarked., Marcos allotted P184.1 billion for the agriculture sector, P296.3 billion for the pandemic and health systems, P852.8 billion for the education sector, and P197.0 billion for social services., Marcos Jr.
Mark Ernest Famatigan is a news writer who focuses on Philippine politics. He is an advocate for press freedom and regularly follows developments in the Philippine economy. The views expressed are his own.
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