Despite an increase in the Philippines’ general government (GG) debt-to-gross domestic product (GDP) ratio to 57.1 percent in 2024, the Marcos Jr. administration is targeting to gradually lower this debt ratio to the 54-percent level by the end of 2028. This was indicated in the national...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
President Marcos' chief economic manager is optimistic that joblessness this year will be even lower than the administration's 2025 goal, following last year's two-decade low unemployment rate. Department of Finance (DOF) Secretary Ralph G. Recto confirmed to Manila Bulletin on Friday, Feb. 7, that...
President Ferdinand "Bongbong" Marcos Jr. has asked the country's vice mayos to support the Philippine Development Plan (PDP) for 2023 to 2028 and the Administration's legislative priorities as he, in turn, assured them of his support for effective and meaningful local autonomy....
Civil Service Commission (CSC) Chairperson Karlo Nograles has pledged his agency’s full cooperation and support for the Philippine Development Plan (PDP) 2023-2028 and the attainment of good governance goals. Civil Service Commission (CSC) Chairman Karlo Alexei Nograles (Senate PRIB Photo) In a...
The inclusion of ecozone development in the country’s Philippine Development Plan PDP 2023-2028 (PDP) is expected to boost the 10 percent growth target in investments set by the Philippine Economic Zone Authority (PEZA). In a statement, PEZA OIC Deputy Director General Tereso O. Panga said the...
