The warm reception by the business community that greeted the announcement of the members of the economic management team of President-elect Ferdinand R. Marcos, Jr. provides an auspicious sign. Public confidence in a new administration is a key element in attaining what is deemed its primary objective: to bring about economic recovery and restore the country’s growth trajectory that went into tailspin due to the pandemic. With barely a month left, the outgoing economic team of President Rodrigo R. Duterte has prepared a fiscal consolidation and resource management plan aimed at raising the level of revenue generation while easing the country’s debt burden. Massive borrowings have pushed the country’s debt to gross domestic product (GDP) ratio to 63.5 percent, the highest since 2005 and at a level that has exceeded the 60 percent benchmark set by credit rating agencies for emerging economies like the Philippines. The Department of Finance has proposed the imposition of new and higher taxes and a three-year deferral of income tax reductions. Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno, who has also served previously as Budget Secretary in the Estrada and Duterte administrations, has been tapped to serve as Finance Secretary, generally regarded as primus inter pares, or the informal head of the economic management team. His past well-rounded experience prepares him well for the delicate task of implementing fiscal and monetary policy programs that would enhance the prospects for economic growth. Former National Economic and Development Authority (NEDA) Director General and Socioeconomic Planning Secretary Arsenio M. Balisacan has been nominated to the position that he occupied during the administration of President Benigno S. Aquino III. He was also appointed as the first chairman of the Philippine Competition Commission, an independent quasi-judicial body created in 2015 to promote and protect market competition. As NEDA chief, he spearheaded the crafting of AmBisyon 2040, the country’s first 25-year development plan aimed at attaining equitable growth in consonance with the United Nations’ Sustainable Development Goals. Trade and Industry Secretary-designate Alfredo E. Pascual, who served as president of the University of the Philippines and Asian Institute of Management professor, has worked in the Asian Development Bank as director and senior investment officer; and in leading multinational and private corporations. Currently the president of the Management Association of the Philippines, he is also the chief executive officer of the Institute of Corporate Directors, a leading advocate for good governance in the private sector. The new Governor-designate of the Bangko Sentral ng Pilipinas, Felipe M. Medalla, is serving a second term as Monetary Board member, and served, too, as NEDA Director General and Socioeconomic Planning Secretary under President Joseph Ejercito Estrada. While not a member of the Cabinet, the Governor of the Bangko Sentral plays a key role in the economic team. He is also a member of the Development Budget Coordination Committee (DBCC), along with the Finance Secretary, Socioeconomic Planning Secretary, and Executive Secretary, that determines the government’s overall economic targets, expenditure levels, the revenue projection, deficit levels, and the financing plan. The nomination of Amenah Pangandaman as Secretary of the Department of Budget Management completes the economic team. She is familiar with the preparation of the National Budget as a former undersecretary of the department under Mr. Diokno and is currently assistant governor of the BSP. As DBM secretary, she would be the pivot person of the DBCC. We join the citizenry and the business community in wishing well the members of the incoming economic management team upon whose shoulders rest the mandate to steer the country on the path to economic recovery.