00:00The Department of Budget and Management approved the Philippine economy's growth rate to 5.6% in 2024.
00:07According to Budget Secretary Amena Pangandaman, despite the continuous typhoons and other calamities in the country,
00:14our economy is still able to grow and survive in the fastest-growing economy in the country or in the Asia-Pacific region.
00:21This is also because of the government's actions, such as the so-called Build Better More Program,
00:27which has the biggest role in the full-year growth rate.
00:30In addition, it has also been effective in improving budget utilization last year
00:35to increase the growth final consumption expenditure to 9.7%.
00:40According to Pangandaman, the government's strategies will continue to be implemented
00:45that are aligned with the 8-point socioeconomic agenda at Philippine Development 2023-2028.
