Ekonomiya ng bansa, inaasahang lalago pa sa ilalim ng Marcos Jr. administration ayon sa DOF

PTVPhilippines

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Transcript

00:00The country's economic managers believe that the Philippine economy will continue to grow.

00:07This is because the administration is determined to increase the country's credit rating.

00:13According to the economic managers, the high ratings are also proven by the big trust of the investors in the administration of President Ferdinand R. Marcos Jr.

00:23This is what Kenneth Paciente wrote.

00:26The government believes that the country's economy will continue to grow under the administration of President Ferdinand R. Marcos Jr.

00:35This is after the S&P Global Ratings upgraded the economic outlook of the Philippines from positive to stable.

00:42The country also maintained its BBB Positive Credit Ratings.

00:47This is what the S&P Global Ratings set as a benchmark for the country.

00:50This is because of the above-average growth potential of the Philippines, effective policies and fiscal reforms,

00:57as well as the improvement of the country's infrastructure and policy environment, according to the DOF.

01:03Because of this benchmark, the Philippines will have greater access to cheaper and cost-effective expenses in lending to the government and private sector.

01:13This is because the government will have more funds for the project, including infrastructure, healthcare, education, and others.

01:22This is just a proof that the investors have great confidence in the administration of President Ferdinand R. Marcos Jr. in the country's economy

01:29because of its stable economic environment.

01:32The DOF also believes that the country will have additional upgrades in ratings in the coming times.

01:38This is what the economic managers of the government said.

01:41According to them, the administration is determined to increase the country's rating in A,

01:47and they believe that this will not affect the country's political challenges.

01:52According to the group, this is possible to reach the country within two years.

01:57They also believe that this development reflects that the country's fiscal consolidation plan is on track.

02:03They also believe that the creation of more law and public-private partnership law

02:09was never signed by the President.

02:12They also say that this is just a proof of the country's stability in the face of challenges

02:16such as calamity, geopolitical tensions, and others.

02:19The economic managers also believe that the government is business as usual in the face of the current issues.

02:26They are helping the various branches of the government towards the prosperity of the country.

02:30Kenneth Paciente, for Pambansang TV, in Bagong, Philippines.

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Transcript

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