FINANCE Secretary Benjamin E. Diokno said the Social Security System (SSS) needs to improve returns from its investment portfolio to better reflect the strength of the domestic economy, and urged the pension fund to put its money in infrastructure. READ
“There is still much work to be done. With the rapid expansion of our domestic economy and improved business outlook, the SSS should be able to improve its earnings from investments,” Mr. Diokno said during the pension fund’s 65“We must continuously strive to improve the quality and performance of our investments through betternancial management and market engagement,” he added. “This would reassure our members that their contributions are indeed investments in the future.
“We will maximize the use of long-term money for quality infrastructure,” he told reporters early last month. The government hopes to bring the infrastructure spending-to-gross domestic product ratio to 5-6% each year between 2023 and 2028, even with high levels of government debt. The debt-to-GDP ratio in the second quarter was 62.1%, above the 60% threshold considered sustainable for developing economies.
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