DOF, tiwalang lalago pa ang ekonomiya ng bansa sa ilalim ng Marcos Jr. administration

PTVPhilippines

DOF, tiwalang lalago pa ang ekonomiya ng bansa sa ilalim ng Marcos Jr. administration  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00The country's economic managers are urging the country to increase the credit ratings of the Philippines

00:05because they expect it will help the country's economy to continue flourishing.

00:10The details are in the news report of Kenneth Paciente of PTV Manila.

00:17The government believes that the country's economy will continue to flourish

00:20under the administration of President Ferdinand R. Marcos Jr.

00:24That is after the S&P Global Ratings upgraded the economic outlook of the Philippines

00:29to positive from the previous stable.

00:31The country also maintained its BBB Positive Credit Ratings.

00:35This became the mark of the S&P in the country

00:38because it saw earnings such as the above average growth potential of the Philippines,

00:42the implementation of effective police and fiscal reforms,

00:46as well as the improvement of the country's infrastructure and policy environment.

00:50According to the DOF,

00:52because of this mark, the Philippines will have greater access to cheaper

00:56and cost-effective expenses in lending to the government and the private sector.

01:02The reason is so that the government's project funds can be used

01:06including infrastructure, healthcare, education, and others.

01:10This is just a proof that investors have great confidence

01:14in the run of the Marcos Jr. administration in the country's economy

01:18because of its stable economic environment.

01:20The DOF also believes that there will be additional upgrades to the country's ratings

01:25in the coming time,

01:27which was approved by the government's economic managers.

01:30According to them,

01:31the administration is determined to increase the country's rating to A

01:36and they believe that it can be used without affecting the country's political challenges.

01:41According to the group,

01:43it is possible for the country to reach this within two years.

01:46They also believe that this development reflects that the country's fiscal consolidation plan is on track.

01:52They also believe that the create more law and public-private partnership law

01:58were approved by the President.

02:00This is just a proof of the country's stability in the face of challenges

02:05such as calamities, geopolitical tensions, and others.

02:08The economic managers also believe that business as usual is the government

02:12in the face of the current issues.

02:15They will help the various branches of the government towards the prosperity of the country.

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Transcript

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