Political issues, walang epekto sa matatag na ekonomiya ng Pilipinas ayon sa NEDA

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Political issues, walang epekto sa matatag na ekonomiya ng Pilipinas ayon sa NEDA; pagdating ng mas madaming investors, inaasahan umano sa pagtaas ng credit rating ng Pilipinas

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Transcript

00:00It is expected that there will be more investments in the country.

00:03According to NEDA, this is due to the increase in the credit rating of the Philippines.

00:08Meanwhile, NEDA Secretary Arsenio Balisaca said that

00:11there is no effect on the state of the economy no matter what we talk about in politics.

00:15Clayzel Fardilia is in the center of Balita Live.

00:22Now, despite the chaos in politics,

00:25the National Economic and Development Authority assures that there will be no effect on our economy.

00:35According to NEDA Secretary Arsenio Balisaca,

00:38the administration of President Ferdinand R. Marcos Jr. is closely monitoring

00:43the implementation of the Philippine Development Plan.

00:46These include programs that can improve the lives of Filipinos,

00:51such as using food security,

00:54building more infrastructure,

00:57and improving the economic climate

01:00so that more investors can benefit

01:03and more jobs can be created.

01:06President R. Marcos, along with the economic managers of the country,

01:11was led by the Senate and Congress in a meeting earlier this morning

01:15to provide sufficient funds for...

01:20...as well as the continuation of programs

01:23that are under the Official Development Assistance

01:26or projects that have financial or technical assistance from other countries.

01:33It is focused on the budget for 2025

01:38and the need to prioritize the funding of the high priority projects

01:45of government of this administration.

01:48It's business as usual for us

01:51and I don't think that these political noises

01:57would have any impact on the economy.

02:03What is important is that our economic policies

02:09and our economic direction

02:13are sound and sustained.

02:18Balissa Candid also added that there are many businessmen

02:21who are involved in politics.

02:23The Department of Trade and Industry is positive

02:26that more businessmen inside and outside the country

02:29will be able to benefit

02:31after the S&P Global Ratings increased

02:34the economic outlook of the Philippines to positive

02:37from the previous stable

02:40which means that our country is more confident

02:43in its ability to pay its debt

02:46and it is also showing good economic performance

02:49and good governance.

02:53This high credit rating will really encourage

02:56a lot of confidence for the international investors

02:59to come into our country

03:01and so far there is a lot of interest in our country.

03:06Yes, Nayomi, according to Secretary Roque

03:09because of the positive economic outlook in the Philippines

03:13it is expected that our government will have more credit access

03:17as well as the private sector.

03:20Faisal, food security has been mentioned.

03:22What is the direction of Leda in the price of rice

03:25and is there anything mentioned

03:27regarding the use of 20 pesos of rice

03:30that has been discussed today?

03:33Nayomi, tomorrow, the National Economic and Development Authority

03:36or NEDA will submit their recommendation

03:39to President Ferdinand R. Marcos Jr.

03:42on whether to continue the 15% increase

03:46in the price of rice

03:48or to return it to 35%.

03:50Meanwhile, NEDA may still continue

03:53the advice of President Marcos

03:56to lower the price of rice

04:00that is why the Department of Agriculture

04:03will continue to provide assistance

04:06to our farmers

04:08to lower their production costs and expenses

04:11and to increase the price of rice

04:14for our Filipinos.

04:16Nayomi?

04:17Thank you very much, Faisal for your time.

Political issues, walang epekto sa matatag na ekonomiya ng Pilipinas ayon sa NEDA

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