Marcos vows gov’t to spend every peso for Filipinos

Published December 7, 2022, 6:03 PM

by Betheena Unite

President Ferdinand “Bongbong” Marcos Jr. vowed a prudent spending of government money under his term.

President Ferdinand ‘Bongbong’ Marcos Jr. (Noel Pabalate)

“Be assured that it is the policy of this administration, to ensure that every peso and every centavo that the government spends in its programs and projects will be to the benefit of all Filipinos,” Marcos said.

He made the statement during the presentation of the Philippine banknotes bearing his signature and new coin series with the Bangko Sentral ng Pilipinas (BSP) logo on Wednesday, Dec. 7.

“So I convey my full support to all of our BSP officials and their employees. I also have complete confidence in your capability, competence, and integrity,” he added.

During the event, the President also called on the BSP and other concerned agencies to further intensify their efforts against counterfeiting and other illegal activities.

He told them to ensure price stability, enrich banking reforms, and sharpen strategies to guarantee that public interest remains at the heart of the government’s priorities.

The chief executive also encouraged government agencies and the Filipino people to innovate and come up with sustainable and smart solutions that will uplift lives and lessen the burden on the people.

He also rallied for unity to improve the safety and efficiency of the Philippine financial system and make it an instrument of progress, benefitting ordinary Filipinos.