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

PTVPhilippines

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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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