00:00The target of the Marcos administration is a higher growth trajectory this year.
00:04The government also plans to lower the inflation and poverty incidence this year.
00:08Alvin Baltazar is in the report.
00:13The administration continued its economic performance last year.
00:18In front of this is the statement of President Ferdinand Marcos Jr.
00:22that he is content with the economic achievements of the government in 2024.
00:27In the 24th NEDA board meeting in Malacanang,
00:29the National Economic Development Authority Secretary Arsenio Balizaca stated that
00:33for 2025, the target of the government is to increase the gross domestic product
00:39by 6 to 8 percent, which is higher than the 6 to 6.5 percent target of GDP growth last year.
00:47On the other hand, the government will reach the 2 to 4 percent inflation rate
00:52while the poverty rate will strive to reach 13.2 percent this year and 9 percent in 2028.
01:01Balizaca said that the NEDA will continue to implement social economic transformation
01:06by strengthening economic productivity,
01:10the use of innovative technology and collaboration with various stakeholders.
01:14He will also help the Congress on development priorities,
01:19supporting fiscal programs and institutionalizing regular monitoring,
01:25evaluation and integration in budgeting, planning, and investment programming.
01:29In his statement, President Marcos also emphasized the need for a consolidated report
01:35regarding the efforts of the government to ensure food security.
01:40This is important, said President Marcos,
01:42to clarify to the people how this will benefit the Filipino family,
01:47why this is important to them, and how this will improve the quality of life.
01:54From Malacanang, Alvin Baltazar for Pambansang TV in Bagong, Philippines.
