NBI: No Problem with VP Duterte's Reschedule of Probe

 

The meeting between President Ferdinand Marcos Jr., Congressional leaders, and economic managers in Malacanang on November 28, 2024, aimed to ensure that the government's priority projects will be adequately funded in the 2025 national budget. The focus is on aligning these projects with the economic goals and targets outlined in the Philippine Development Plan (PDP), particularly those aimed at enhancing food security, improving the economic climate, and ensuring access to quality infrastructure.

 

NEDA Secretary Arsenio Balisacan emphasized the importance of funding high-priority projects, especially those supported by official development assistance (ODA) sources, to achieve socio-economic transformation. He noted that despite political tensions between President Marcos and Vice President Sara Duterte, the administration remains focused on sustaining the country's economic momentum.

 

Balisacan expressed confidence that political issues would not significantly impact the economy, as long as economic policies remain sound and sustained. He highlighted the administration's goal to achieve an "A" credit rating within the next 24 months, following the recent positive outlook from an American credit rating agency. This goal is part of a broader strategy to diversify the economy and strengthen its fundamentals to withstand external uncertainties.

 

The administration is also committed to further diversifying the economy and strengthening various sectors, including agriculture and manufacturing, to ensure sustainability and resilience. Balisacan's statements underscore the government's determination to maintain economic progress and stability, despite potential challenges.