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Economic managers point to successes under Ramos

The government’s adoption of the improvement of the quality of life for every Filipino as a development vision was made possible by economic reforms implemented under the Ramos administration.

In a statement following the death of former President Fidel V. Ramos on Sunday, Budget and Management Secretary Amenah Pangandama noted that it was the Ramos administration that gave the nation its reputation as Asia’s “tiger cub economy.”

“We remember President Ramos as a bold and determined leader whose administration transformed government budgets into a tool for economic development. The improvement of every Filipino’s quality of life became the development vision of his administration’s Medium-Term Philippine Development Plan (MTPDP) in 1992, she stated.

Ramos, 94, led the nation as its 12th president from 1992 to 1998.

The late President’s legacy would be upheld, according to Pangandaman, by the Department of Budget and Management (DBM), which will “continue to work tirelessly to accomplish our common dream of a better nation for all.”

She said, “May the Lord reward His faithful servant who labored hard for the improvement of the Filipino people.”

Arsenio Balisacan, the secretary of socioeconomic planning, also expressed his sympathy to the Ramos family in a separate statement.

“While I was in academia, I witnessed directly and attentively observed how his vision for economic and social reform, which focused on empowering the populace and opening up the economy, laid the stage for a fundamental shift in the economy. He gave the nation the stability it needed to stave off internal threats,” he said.

Ramos, according to Balisacan, was also a visionary. He helped the Philippines survive the 1997 Asian Financial Crisis and become one of the continent’s “Tiger Cub Economies,” according to Balisacan.

As we work toward the nation’s long-term goal of a matatag (stable), maginhawa (convenient), and panatag na buhay (secure life) for every Filipino, he continued, “We will continue to honor and build on his legacy.”

In 1950, Ramos received his diploma from the United States Military Academy at West Point.

Prior to becoming one of the country’s Presidents, Ramos held the positions of Secretary of National Defense from 1988 to 1991 and Chief-of-Staff of the Armed Forces of the Philippines (AFP) from 1986 to 1988. Both of these positions were held under the initial Aquino administration.

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