PH economic managers, tiwalang maaabot ang ‘A-’ credit rating sa loob ng dalawang taon

11 hours ago

PH economic managers, tiwalang maaabot ang ‘A-’ credit rating sa loob ng dalawang taon; pamahalaan, mas makapaglalaan pa ng pondo sa iba’t ibang serbisyo at proyekto

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Transcript

00:00The international community continues to recognize the economic reforms

00:05that are being implemented by the administration of President Ferdinand R. Marcos, Jr.

00:11In fact, from a stable outlook,

00:14a positive view of an international credit rating company in our country

00:19that is expected to bring more investments to the Philippines,

00:24Kenneth Paciente, for Sentro Balita.

00:28The government believes that the country's economy will continue to grow

00:32under the administration of President Ferdinand R. Marcos, Jr.

00:36This is after the S&P Global Ratings upgraded the economic outlook of the Philippines

00:41to a positive one from a stable one.

00:43The country also maintained its BBB Positive Credit Ratings.

00:48This is what the S&P marked in the country

00:50because of the gains such as the above average growth potential of the Philippines,

00:55the implementation of effective police and fiscal reforms,

00:58as well as the improvement of the country's infrastructure and policy environment.

01:03According to the DOF,

01:04because of this mark, the Philippines will have greater access to cheaper

01:09and cost-effective expenses in lending to the government and private sector.

01:14The reason is so that the government's project funds

01:18include infrastructure, healthcare, education, and others.

01:23It is only proven that investors have great confidence

01:26in the run of the Marcos, Jr. administration in the country's economy

01:30because of its stable economic environment.

01:33The DOF also believes that the country will have additional upgrades in ratings

01:37in the coming time,

01:39which is what the economic managers of the government agreed on.

01:43According to them,

01:44the administration is determined to increase the country's rating in A

01:48and they believe that it will be used without affecting the country's political challenges.

01:54According to the DOF,

01:55it is possible for the country to achieve this in two years.

01:59They also believe that this development reflects

02:02that the country's fiscal consolidation plan is on track.

02:05They also believe that the creation of the Create More Law

02:08and Public-Private Partnership Law,

02:10which was once signed by the President,

02:13will also help the country's stability in the face of challenges

02:17such as calamity, geopolitical tensions, and others.

02:20The economic managers of the business-as-usual government

02:24also agreed on this in the face of the current issues.

02:27They will help the various branches of the government

02:30towards the prosperity of the country.

02:31Kenneth Paciente, for Pambansang TV, in Bagong, Philippines.

PH economic managers, tiwalang maaabot ang ‘A-’ credit rating sa loob ng dalawang taon

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Transcript

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