House Speaker Martin Romualdez says the inflation rate plunge under the Marcos administration can't be attributed to mere luck.
This, as Romualdez welcomed on Tuesday, May 6 the continued slowdown of inflation, which was pegged at 1.4 percent in April. This was 0.4 percentage points lower than the March figure.
"Hindi ito basta resulta ng suwerte. Ito ay bunga ng malinaw na direksyon at matatag na pamumuno ni Pangulong Ferdinand R. Marcos Jr., kasama ang buong Kongreso na katuwang niya sa pagpasa ng mga reporma at batas na layuning palakasin ang ekonomiya, ibaba ang presyo ng bilihin, at lumikha ng mas maraming trabaho," the Speaker said in a statement.
(This is not merely a stroke of luck. It is the result of clear direction and strong leadership from President Ferdinand R. Marcos Jr., along with the entire Congress, which has worked alongside him in passing reforms and laws aimed at strengthening the economy, lowering the prices of goods, and creating more jobs.)
Romualdez, the Lakas-Christian Muslim Democrats (Lakas-CMD) president, said the Inflation decline last month was "concrete proof that the government's measures have had a real impact on the lives of ordinary Filipinos".
"Ipinapakita ng numerong ito na mas kontrolado na ang presyo ng mga pangunahing bilihin—mula sa bigas, gulay, at karne, hanggang sa kuryente at pamasahe. Ibig sabihin, mas abot-kaya na ang pang-araw-araw na gastusin, at mas lumalawak ang kakayahan ng bawat pamilyang Pilipino na mapagkasya ang kanilang kita," he said.
(This figure shows that the prices of essential goods—such as rice, vegetables, and meat, as well as electricity and transportation—are now more controlled. This means that daily expenses are more affordable, and every Filipino family has a greater ability to make ends meet.)
"Pinabilis natin ang pagdating ng mas murang pagkain sa merkado, binuksan natin ang mga oportunidad para sa negosyo at pamumuhunan, at tiniyak nating hindi iiwanan ang mga maliliit na negosyante at manggagawa sa ating pag-unlad," added Romualdez, arguably President Marcos' top lieutenant in government.
(We have accelerated the arrival of more affordable food in the market, opened opportunities for businesses and investments, and ensured that small entrepreneurs and workers are not left behind in our progress.)
Romualdez says Filipinos are beginning to feel the benefits of these reforms.
He says these are no longer just data on paper but a "relief in the marketplace, additional financial capability in the pockets, and hope in every home".
"Bilang lider ng Mababang Kapulungan, mananatili tayong tapat sa ating tungkulin: ang tiyakin na ang bawat batas na ipinapasa natin ay may direktang benepisyo sa mamamayan. Sa ilalim ng Bagong Pilipinas, ang ating pangarap ay hindi lang paglago ng ekonomiya, kundi ang pag-asenso ng bawat Pilipino," Romualdez said.
(As the leader of the House of Representatives, we will remain steadfast in our duty: to ensure that every law we pass directly benefits the people. Under the Bqgong Pilipinas, our aspiration is not only economic growth but the advancement of every Filipino.)