DESPITE incessant attacks against his person especially his human rights records relative to his campaign against illegal drugs, President Rody ‘Digong’ Duterte continues to enjoy trust and confidence from among influential local and international business groups, economic managers and credit rating agencies.

It appears that these groups especially the credit rating agencies are impressed with his leadership no matter how uncanny it may seem and that he is able to deliver the economic programs that his administration has lined-up for the country.

The Duterte administration’s Philippine Development Plan 2017-2022, which serves as its socioeconomic blueprint, targets 7 to 8 percent GDP growth in the medium term.

The government hopes to get it done by pursuing the 10-point agenda ultimately aimed at reducing the poverty incidence to 14 percent by 2022 from 21.6 percent last 2015.

For its long term plan, the incumbent government has adopted the so-called AmBisyon Natin 2040, aimed at tripling the number of middle class Filipinos with a per capita income of $11,000 in 24 years.

That can be done by sustaining at least 6.5-percent annual GDP growth alongside the implementation of various economic policies would make the Philippines a high-income country by 2040.

Because of these plans, credit-rating agencies believe that under Duterte’s leadership, the country’s economic fundamentals would remain solid which in the process could attract foreign direct investments.

As a result, credit-ratings agencies such as Moody’s and Standard & Poor (S&P) and even Fitch have given the country investment-grade credit ratings.

This paper however believes that despite the favorable impression by those international credit watchers, the Duterte administration must see to it that its economic programs must focus on activities that would protect the interests of the poor.

Thus, the government must veer away from introducing new taxes in financing its ambitious infrastructure projects and must instead strive to effectively collect existing taxes while also slowing down rampant smuggling activities in the country’s seaports and airports.

As we all know, any new taxes would mean additional burden to the poor.

But since Digong has shown time and again that his heart is for the ordinary people, there is a great likelihood that he would work to stamp-out all forms of corruption so as to finance his projects without making the people suffer.    

Maybe, these economic managers could see the sincerity and determination of Duterte to uplift the lives of the poor which led them to believe that his economic roadmap could surely be implemented and attained.

That is why the rest of the nation is keeping its fingers crossed.

Like us in Facebook


Latest News

DBM signs MOA with PLM on procurement course

    By Rose de la Cruz   Last February 19, the Department of Budget and Management, through the Government Procurement Policy Board (GPPB), signed... Read More...
A hollow block business that rose from a personal need

  By Rose de la Cruz   The hollow block business of Franklin Carmelo in Urdaneta City, Pangasinan began out of a personal need to fence his other... Read More...
Comelec control urged for narco-infested LGUs

  By Francisco Benjamin Garcia   Rep. Bernadette Herrera-Dy, chairman of the committee on public information at the lower house has urged that... Read More...

WHILE the modernization of public utility vehicles has always been in the wish list of past administrations, thought of as a solution to the... Read More...
IMAGE Honest Hubby and Other Laughs

Honest Hubby?THERE was this old lady who was caught shoplifting. On court day her husband accompanied her as she faced the judge. "Why did you... Read More...
IMAGE All about women and wives and other laughs

All about women and wives I married Miss Right. I just didn’t know her first name was Always. ***** Marriage is a three-ring circus: engagement... Read More...

TULUYAN nang tinuldukan ni Presidente Rodrigo Duterte ang anumang pagtatangka ng ibang mga grupo at sektor na buhaying muli ang usapang... Read More...

Guhit ni Ed Rompal INIULAT ni Senador Sonny Angara na nagkasundo na ang congressional bicameral conference committee sa limang probisyon na... Read More...

Our Guests

This week6484
This month20306

Visitor Info

  • Your IP:

Who Is Online


Saturday, 24 February 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.