President Ferdinand “Bongbong” Marcos Jr.’s economic team comprised of economic managers, discussed their plans and strategies that will aid in the improvement of the national economy on a meeting, July 9.
The economic managers met to discuss and lay out the plans of the administration for the economy of the country, amidst the continuous recovery from the pandemic. One of the priorities of the group is to bolster food security.
Department of Finance (DOF) Secretary Ralph Recto reiterated that food security remains to be a top priority of the Marcos administration. Hence, the continued efforts of the government to address the increase on commodity prices.
Addtionally, Recto applauded the successful move to lower the rice tariff from 35 to 15 percent. This pose a huge help to Filipino citizens which is expected to be felt around the month of August.
Governor Eli Remolano Jr. affirmed the continued decrease on the inflation rate for this year.
According to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan, strengthening investments and export in the country will be most helpful to ensure that the improvement of our economy is future proof.
The Special Assistant to the President for Investment and Economic Affairs Frederick Go adds that the investment missions of PBBM will help in promoting the country as a strategic investment destination.
Different sectors are continuously working hand-in-hand to create initiatives for implementing the plans that will improve the economy.
