It would seem that unity is working for the country’s economic recovery, a local economist said after the President delivered his 71-minute State of the Nation Address (SONA) on Monday. Know more:
IT would seem that unity is working for the country’s economic recovery, a local economist said after the President delivered his 71-minute State of the Nation Address on Monday.
“It seems the unity strategy is helping the economy turn a corner. However, challenging inflation and El Niño remains but also provided plans in mitigating these risks,” Ravelas said. “He is taking his high approval rating for a spin.” Portions of the SONA that appealed to him were the discussion on inflation, food production, particularly agriculture and fisheries as well as jobs creation. Peña-Reyes was also partial to the President’s “punitive stance against smugglers and hoarders.”
She agreed with the need to impose a motor vehicle road tax, noting too many motorcycles on the road. These are also linked to a number of deaths and accidents.Oplas said, however, that one bill meriting priority is the review of the Agri-Agra Law, which studies have already found to be ineffective. As the country’s Agriculture Chief, the President should have included it in his legislative agenda.
It would have been better, Lanzona said, to include “a regional based development program that allows each region to address these basic concerns individually.” Du-Baladad cited a need to address inequality in the country. She noted that the gap between the rich and the poor is very wide as measured by a Gini coefficient —a measure of inequality—of 41 percent as of 2021.
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