THE consumption-driven Philippine economy must be revamped to make it more sustainable, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said at a forum in support of the 2023-2028 Philippine Development Plan (PDP). “To achieve transformation, we must introduce systematic changes to our consumption and production patterns, as well as manage our natural […]
Tag: balisacan
PHL poverty reduction strategy focused on job quality, safety nets
THE government’s approach to reducing poverty will focus on enhancing the quality of jobs and expanding social protections, the Palace said. Acting Press Secretary Cheloy Velicaria-Garafil added that the government remains confident that it can reduce the poverty rate to 9% by the end of President Ferdinand R. Marcos, Jr.’s six-year term. “The 9% goal […]
Balisacan open to expanded funding for RCEF
By Diego Gabriel C. Robles SOCIOECONOMIC PLANNING Secretary Arsenio M. Balisacan said he is open to increasing the allocation for the P10-billion-a-year Rice Competitiveness Enhancement Fund (RCEF), provided that the use of the funds is well-targeted. “It’s not just about the amount of money, but also how that money is used, and (identifying) where that […]
PHL aims to become high-income economy by 2045 at the latest
By Diego Gabriel C. Robles THE PHILIPPINES now aims to become a high-income economy by 2045 at the latest, Socioeconomic Planning Secretary Arsenio M. Balisacan said. “Assuming that the economy can regain its growth trajectory in the next decade, also the trajectory targeted for the medium term of this administration, and hold on to it […]