MSOpinion SONA 2023 (1) “Even before the COVID-19 pandemic, many global banks were predicting that the Philippines would become a big economy by 2050 and beyond”
“Even before the COVID-19 pandemic, many global banks were predicting that the Philippines would become a big economy by 2050 and beyond”
We recall that in the previous year’s SONA the President directed the National Economic Development Authority to draft a national development plan for 2023 to 2028. Recognizing that infrastructure is the backbone of the economy, the President vowed to continue and expand the infrastructure program of the previous administration: “We shall confidently build on this firm foundation established by my predecessor…We must keep the momentum, and aspire to build better more.” Since then, infrastructure development has become a high priority of his administration via the public-private partnership program which holds great potential for expansion and innovation.
To give agriculture the priority it deserves, Marcos opted to head the Department of Agriculture for the time being so that it can come up with lasting solutions to rising prices and inadequate food supply. This law, signed recently, amends Section 26 of Republic Act 6657 and condones the loans of agrarian reform beneficiaries with unpaid amortization.
The administration is now ramping up digitalization to help improve government services. The Department of Information and Communication has begun to expand digital connectivity across various islands in the country and started implementation of the National Broadband Plan. The National Identification System will play a big part in digital transformation.
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