Economic status ng Pilipinas, tumaas sa ilalim ng administrasyon ni PBBM

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Transcript

00:00The country's economy rose under the administration of Marcos Jr.

00:04where the unemployment rate also decreased.

00:07That's the national news of Quenzel Bocobo of IBC 13.

00:14Since President Bongbong Marcos Jr. took office,

00:18the Gross Domestic Product increased by 6.1%

00:21or the number of domestic products and services in the Philippines

00:26according to the Department of Finance.

00:29The DOF also added that the Philippines is also part of the leading economy in the ASEAN region.

00:35This is also one of the reasons why the DOF held the 126th Anniversary Forum

00:42of the Manila Times today.

00:44The Philippines is among the leading economies in the ASEAN region

00:48growing at 6.1% as of the second quarter of this year.

00:53According to the Central Bank of the Philippines,

00:56the inflation rate in the country is only playing at 3% this year.

01:00The unemployment rate decreased by 4%

01:03while the underemployment rate is at 11.2%.

01:07And the best part is that the international reserve of the Philippines

01:12also increased to 112 billion US dollars.

01:16All of these inflows, of course,

01:19translate to an opportunity to build up our gross international reserves.

01:25And so the latest figure that we have is as of the end of September.

01:28And you see that currently we have 112 billion US dollars in our foreign reserves.

01:37And that's an increase from the end of last year of only 104 billion.

01:45All of these,

01:46because of the movements of the government

01:49according to the Philippine Development Plan 2023-2028,

01:53including the allocation of 9.6 trillion pesos in funds

01:58for various projects for transportation,

02:01water,

02:02digital connectivity,

02:03health,

02:04and education.

02:05If these positive indications continue,

02:08such as a decrease in the inflation rate,

02:11GDP growth,

02:12and a decrease in poverty incidence in the country,

02:15it is not surprising that from the lower middle

02:17to the upper middle income is the status of the Philippines

02:20in the next year.

02:22From IBC 13,

02:24Quenzel Bocobo for Balitang Pambansa.

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Transcript

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