Last Monday, President Ferdinand R. Marcos Jr. delivered his second State of the Nation Address, reflecting on his administration’s first year in office which focused on socioeconomic transformation. | MBOpinions READ:
In the past year, the President and the entire Cabinet have started many reforms, which resulted in the country's remarkable growth.On Dec. 16, 2022, PBBM signed the ₱5.268 trillion National Budget for FY 2023, making it the fastest-signed General Appropriations Act in recent history.
Aligned with these, the Philippine Development Plan 2023-2028 was also established to re-energize job creation and expedite poverty reduction by redirecting the economy on a high-growth trajectory, that is inclusive, and with an environment that affords equal opportunities for all Filipinos.The country’s economic situation has improved immensely during the President’s first year in office, as evidenced by the 7.6 percent Gross Domestic Product expansion, surpassing the 6.5 to 7.
Thus, when I was asked during interviews what the greatest achievement of the President was by far, I would say, it is putting the country back on the international map. As the President said, “The economy is revived and rejuvenated, backstopped by a favorable enabling environment and the strong rule of law.”
We, at the economic team, continue to proclaim to the world that indeed, the Philippines is open for business, as evidenced by the conduct of Philippine economic briefings in various countries around the globe. This is to make our country an investment destination. More investments mean more opportunities for quality jobs for our people.
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