President-elect Ferdinand "Bongbong" Marcos Jr.'s government will prioritize the recovery of the country's pandemic-battered economy, according to incoming Socioeconomic Planning chief Arsenio Balisacan.
“Si presidente [Marcos] marami na ring mga utos lalo na ‘yung pag-address sa mga problema natin ngayon nasa kalagitnaan tayo ng krisis sa mundo lalo na ang pagtaas ng mga presyo at meron pang ongoing uncertainty sa COVID-19 so malaki ‘yung challenges natin,” he added. According to Balisacan, the solution to the "scarring" on the economy caused by the pandemic is to accelerate recovery.
The fiscal consolidation plan involves implementing new taxes, deferring personal income tax reductions, and expanding the value added tax base.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos gov't urged to pursue legislation on ‘fuel cost unbundling’The incoming Marcos administration is being urged to pursue key legislation that will compel the oil companies to “unbundle” or segregate the various cost items they have been passing on to consumers at petroleum pumps.
Source: manilabulletin - 🏆 25. / 51 Read more »
ADB vows to help Marcos admin in Build, Build, BuildThe Asian Development Bank on Monday vowed to work closely with the incoming Marcos administration when it comes to infrastructure projects. We ditch the 1986 brainwashing drama... We move on to BUILD, BUILD, BUILD! As if naman libre tulong ng ADB.
Source: gmanews - 🏆 11. / 68 Read more »
Group to Marcos: Multilateral approach needed to solve food problemA multilateral approach is needed to effectively deal with the food security problem amid global challenges, a non-government organization said as it urged President-elect... Lots of multi-syllable words. Nothing concrete.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Marcos Jr. invited to Egypt climate change conference | BusinessMirrorINCOMING President Ferdinand “Bongbong” Marcos Jr. is seriously considering an invitation to attend the UN Climate Change Conference’s 27th session of the Conference of the Parties (COP 27), which will be held in Egypt this November. Ambassador Ahmed Shehabeldin Ibrahim of Egypt invited Marcos during his courtesy call Monday. “Today…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Beyond the Stories: US o China ba ang mananaig sa Marcos administration?Ano ang magiging hitsura ng foreign policy ni president-elect Ferdinand ‘Bongbong’ Marcos Jr.? Panoorin ang talakayan sa Miyerkoles, Hunyo 15! BeyondTheStories
Source: rapplerdotcom - 🏆 4. / 86 Read more »
HRW: Appointing 'independent' CHR commissioners a test for Marcos admin's commitment to human rights"President-elect Marcos should appoint commissioners with proven track records of defending human rights,” Robertson said, noting that the appointment of the new commissioners will be "an important first test for his administration’s commitment to human rights." This HRW, are they PBBM's boss?
Source: gmanews - 🏆 11. / 68 Read more »