Mas mataas na growth trajectory, target ng pamahalaan ngayong taon

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Transcript

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.

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