WATCH: Marcos explains how he'll address soaring fuel, food prices

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In this video excerpt, President Marcos answers questions about inflation during a press conference after his first Cabinet meeting.

MANILA, Philippine – President Ferdinand Marcos Jr. held his first Cabinet meeting on Tuesday, July 5, then held a press conference about what was discussed a few hours later.

Marcos said government funds could be sufficient to provide such subsidies in 2022 at least, but that new funding sources would have to be identified for beyond that. As for higher prices of staples like corn, pork, chicken, and more, Marcos said increasing local production of such commodities is his priority. He then recounted his

 

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free rides for students before f to f school starts and tricycle driver some cash: what will he actually do? The wish to increase production is a pipe dream. DAD'S land reform changed everything, the average small farmer can't produce more crops or they already would have.

Mr. Not my president, keep on denying facts and take no serious action plan... then wait for the Philippines to go bankrupt following Sri Lanka.

Halatang hindi din nya alam ang presyo ng diesel at +90% since start of the year. Ang saya-saya pag may UNITY 🎉 🎉 🎉 Notice halos walang troll ang may comment sa inflation 🤣

Will someone tell Marcos Jr. na Hindi bobo ang mga Pilipino, at lalong hindi tanga. We know when he is lying to his teeth, when he pretends to know what he is talking about when he clearly does NOT. Tell him to really think before he speaks because he looks/sounds dumb. Sorry.

CRINGED 😬 BIG TIME 1st: he was not listening, he was told it’s 6.1%. He disagrees with the figure right away but then he asked what it was? How can he disagree when he doesn’t even remember what it was🤔 2nd: he does not know what he is talking about. He goes in circles😵‍💫🥴

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