Close  

PH economy ‘high and steady’ — 3 Cabinet members

/ 03:18 PM July 06, 2018

President Rodrigo Duterte’s Cabinet members boasted on Friday the administration’s achievements, calling the Philippine economy “high and steady” and “one of the fastest growing” among Asian countries.

“Economic growth has been high and steady,” said Ernesto Pernia, Secretary of the National Economic and Development Authority, said during the forum on Economic Development and Infrastructure Cluster.

ADVERTISEMENT

The forum is the first of three fora in preparation for Duterte’s third State of the Nation Address (SONA) on July 23.

Pernia cited the 6.8 percent-increase in the Philippine economy during the first quarter of 2018, higher than the 6.7 percent recorded for the same period last year.

READ: PH economy grows 6.8% in Q1

“This makes the Philippines one of the fastest growing economies in Asia,” Pernia said.

In the same forum, Finance Secretary Carlos Dominguez said government plans to bring down the poverty rate from 21.6 percent in 2015 to 14 percent b 2022 when Duterte’s term ends.

READ: Duterte: Economy in the doldrums

“All the efforts will be meaningless if they do not translate on lifting our people from poverty,” Dominguez said.

“The Philippine economy is on course. We are well on our way… We are clearly building on a strong momentum,” he added.

Department of Public Works and Highways (DPWH) Secretary Mark Villar , meanwhile, cited ongoing projects of the administration under its “Build, Build, Build” program.

ADVERTISEMENT

READ: More roads to open in Metro Manila to ease traffic – DPWH

“The DPWH has more than 20,000 ongoing projects in various amounts [and] various needs. Some are for tourism, some are for national roads, some are for trade and industry,” Villar said.

“The President has a program that encompasses all sectors, all convergences,” he further said. /muf

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Carlos Dominguez, Duterte Cabinet members, Ernesto Pernia, Mark Villar, Philippine economy
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.