Aquino: Stronger economy shields the country from global uncertainty

While many countries struggle to regain their footing in the midst of the global economic slowdown, President Benigno Aquino III said the Philippines was able to strengthen its economy through reforms and good leadership.

“Tunay nga po: Ang matatag at malakas na ekonomyang pinanday ng mabuting pamamahala ang pinakamabisang kalasag laban sa mga hamon na kinakaharap ng daigdig. Dalawang taon po nating binaklas ang mga balakid sa pag-unlad, at ngayon, tayo na lang mismo ang makakapigil sa ating sariling pag-angat,” the President said during his third State of the Nation Address at Batasang Pambansa in Quezon City on Monday, July 23.

“Hindi po tayo nag-iisa sa mundo, kaya’t habang tinutugunan natin ang sarili nating mga suliranin, angkop lamang na bantayan din ang ilang pangyayaring maaaring makaapekto sa atin,” he added.

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The President boasted recent changes in the way investors do business in the Philippines. He said that in the past administration, businessmen weren’t confident in putting their money in the country because of corruption and secrecy in government policies.

“Ngayon, dahil patas na ang laban, at may hayag at hindi pabagu-bagong mga patakaran, patuloy ang pagtaas ng kumpiyansa sa ating ekonomya. Patuloy ang pagpasok ng puhunan; patuloy ang pagdami ng trabaho; patuloy ang positibong siklo ng pagkonsumo, paglago ng negosyo, at pagdami ng mamamayang na-eempleyo,” he said.

“Dahil maayos ang paggugol ng gobyerno, walang tagas sa sistema. Dahil maayos ang pangkolekta ng buwis, lumalago ang kaban ng bayan. Bawat pisong nakokolekta, tiyak ang pupuntahan: Piso itong diretso sa kalsada, piso para sa bakuna, piso para sa classroom at upuan, piso para sa ating kinabukasan,” he said.

As a result of a more efficient tax collection, the government could sufficiently fund projects such as construction of bridges, roads, and other infrastructures. These reforms also result to better the flow of goods and services to the people.

According to the President, the agriculture sector also benefited from these reforms adding that food production, stability of prices, and better wages were the end results of these reforms.

Source: www.pcoo.gov.ph; Photo by Ryan Lim
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