00:00Malacanang expressed positivity as the Philippines nears upper-middle income status.
00:06This comes after Department of Economy, Planning and Development Secretary Arsenio Balisakan stated
00:11that the country is getting closer to achieve the upper-middle income threshold.
00:16According to Secretary Balisakan, the country needs just 26 U.S. dollars more to hit the threshold.
00:22This is why Attorney Castro said the Marcos administration is confident
00:27the Philippines will meet its target this year, noting the government's ongoing efforts
00:31to drive economic growth and development.
00:34To recall, the Deptev Secretary noted that the gross national income for capita target
00:40for both 2023 and 2024 has already been achieved.
00:44Furthermore, the Philippines is still Asia's fastest-growing economy
00:48starting from 2023 until the first quarter of 2025.
