NextGen Day

Budget Secretary Amenah Pangandaman stated on Thursday that the Philippines is “on track” to reach economic success. She also urged more European investors to come to the nation.

Pangandaman praised the nation’s strong economic growth in her opening remarks at the 2023 Philippine Economic Briefing (PEB) in London, England, despite external headwinds and hurdles.

“Investing in the Philippines is now a good idea. The administration is diligent. High economic growth is present “The Budget director remarked.

“As you can see, business is now not only welcome in the Philippines, but we mean it. We not only hit but even exceed our economic goals “Added she.

According to Pangandaman, the Marcos administration is concentrated on achieving its goal of “inclusive and sustainable” economic development.

Pangandaman remarked that the Philippine government’s eight-point socioeconomic plan and the Philippine Development Plan 2023–2028 are supported by the priority spending for 2023.

According to Pangandaman, the social services sector will get almost PHP2 trillion, or 38% of the PHP5.268 trillion national budget for this year, in order to maintain economic growth.

She continued by saying that the administration prioritizes social protection, infrastructure development, health, and education.

“We must establish an atmosphere that supports economic growth in order to attract investment to the Philippines. As a result, we are committed to developing not only public but also digital infrastructure “added Pangandaman.

According to Pangandaman, the Marcos government has also “heavily” invested in alternative resources and infrastructure for renewable energy that will aid in the sustainable development of the nation.

According to her, the provision for adaptation and mitigation to combat climate change has increased by 56.4 percent from the budget for the current year.

She continued by saying that the government is also working to create an “agile, efficient, and more responsive government workforce” and is pursuing a roadmap for green public procurement.

According to Pangandaman, “We are on track with our economic success and I am convinced that as long as we stay on the path, we will likewise reach our aim of single-digit levels of poverty and upper-middle income class as planned.”

The 2023 PEB, which acts as a forum to promote the economic position and investment potential in the Philippines, was conducted in Europe by Pangandaman and other economic managers from the Philippines.

The PEB Europe leg includes London and Frankfurt, Germany.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---