President Marcos was proud when he said that the Philippines was able to weather the different challenges it faced, especially economic challenges.

Marcos said this as he delivered his third State of the Nation Address (SONA) on Monday, July 22.

"In spite [of] the headwinds that we have faced, we stayed the course," he said.

"The country exhibits healthy signs of post-pandemic resilience comparable to strong economies in our region," he added.

According to the President, the country's poverty rate has significantly dropped to 15.5 percent, down from 18 percent in 2021. This figure is lower than the pre-pandemic level of 16.7 percent in 2018.

"Halos dalawa’t kalahating milyong (2.5 million) Pilipino ang naiangat natin mula sa kahirapan (We have lifted 2.5 million out of poverty)," he said.

"Patuloy nating pagsisikapan na marami pa tayong ma-i-aahon mula sa kahirapan (We will continue to strive to bring more people out of poverty)," he added.

To sustain the country’s economic gains, Marcos said the government is promoting investment-led growth.

"We have set in motion policies and programs to create an environment conducive for businesses to thrive, like reforms in the capital markets, and implementation of 'green lanes,'" he said.

"As a result, we have 'green-lane certified' around a hundred projects with a total investment of about P3 trillion across the sectors of renewable energy, digital infrastructure, food security, and manufacturing," he added.

Moreover, President Marcos lauded how the Philippine financial system remains robust and resilient.

He added that tax and non-tax revenue collections were efficient, in pace with the country's rejuvenated economy.

"Notably, for the past two years, our GOCCs remitted dividends to the national government with a combined tally exceeding their contributions in 2022," he said.