Speech Ni BBM

Our president Mr. Ferdinand Marcos Jr.
extends gratitude to various dignitaries, acknowledging the

presence of Vice President Sara Duterte, former Presidents Joseph Ejercito Estrada and Gloria
Macapagal-Arroyo, Senate President Juan Miguel Zubiri, House Speaker Ferdinand Martin Romualdez,
Chief Justice Alexander Gesmundo, members of the Diplomatic Corps, Cabinet members, and others.
The speech reflects on plans outlined a year ago to improve the economy, education, healthcare, and
social programs. Global challenges affecting economic recovery, such as the conflict in Ukraine, the
ongoing pandemic, and reduced oil production, are discussed, emphasizing the government's response
guided by economic policies and the Medium-Term Fiscal Framework.
Despite global uncertainties, the Philippine economy achieved a 7.6 percent growth in 2022, the highest
in 46 years. The speech discusses the resilience of the financial system, the flourishing digital economy,
and positive growth projections for the current year. It notes a decline in inflation from 8.7 percent in
January to 5.4 percent in June, with further easing expected by the end of the year.
The government's efforts to boost economic production, promote industries, invest in infrastructure, and
strengthen citizens' capabilities through the Philippine Development Plan are emphasized, with
economic and social services allocated almost 70% of the national budget for the year.
President Marcos emphasizes the importance of higher revenue collections to support public
investments, outlining a vision for tax and revenue efforts to reach 16.9 - 17.3 percent by 2028. Current
revenue generation improvements are highlighted, with record collections by the Bureau of Internal
Revenue and increased collections by the Bureau of Customs, PAGCOR, and the PCSO.
He underscores the need for continued support from Congress to enact policies and reforms in the fiscal
framework. The section discusses recent achievements in lowering prices in various sectors, showcasing
successful initiatives like KADIWA stores. The KADIWA program, connecting farmers directly with
consumers, has benefited 1.8 million families and generated significant sales, leading to plans for its
expansion nationwide. The speech addresses agricultural development strategies, including farm and
fisheries clustering, amendments to the Cooperative Code, and the use of modern technologies like bio-
fertilizers.
Our government's distribution of machinery, seeds, and vouchers to farmers is acknowledged, along with
the commitment to combat smuggling and hoarding. Infrastructure development, particularly in
agriculture and water resources, is a key focus.
The creation of the Water Resources Management Office and proposes legislation for the establishment
of a Department of Water Resource Management is announced. The allocation of funds for water supply
projects, rainwater collection systems, and ongoing infrastructure programs, such as the "Build Better
More" Program, is highlighted. The program encompasses various projects in physical connectivity, water
resources, agriculture, health, digital connectivity, and energy, with an emphasis on economic efficiency
and connecting all major economic development sites.
Major infrastructure projects aimed at enhancing connectivity and reducing travel time, such as the
Luzon Spine Expressway Network Program and the Mega-Bridge Program. Our government has invested
in road and bridge construction, airport and sea port development, and railway projects to improve
transportation efficiency.
Maharlika Investment Fund is introduced as a means to finance high-impact projects without additional
debt burden. Mr. Marcos emphasizes transparency and accountability in fund management, ensuring
that it benefits the country's economic well-being.
The energy sector's achievements include stabilizing crude oil prices, building new power plants, and
pursuing renewable energy sources. Our country is working towards a 35 percent share of renewables in
the power mix by 2030 and 50 percent by 2040. The Unified National Grid is highlighted for efficient
electricity transfer.
Filipino education is a key focus, with initiatives like the MATATAG Agenda, increased school workforce,
and curriculum recalibration. Social safety nets, including free tertiary education, skills development, and
youth employment programs, aim to provide equal educational opportunities. Innovation and
entrepreneurship are encouraged through "FILIPINNOVATION," emphasizing science, technology, and
R&D. The government is strengthening science and technology capabilities, supporting scholarships, and
launching satellites for various applications.
Efforts in healthcare include addressing hunger and malnutrition, expanding medical and nursing
education programs, and focusing on community health. Structural changes in the healthcare system
involve increasing public health facilities and specialized medical treatment centers. It concludes with a
commitment to a more direct and efficient delivery of services, emphasizing integrated primary care
providers, partnerships with local government units, and improved PhilHealth efficiency. In his
comprehensive address, the President highlighted several key areas of the nation's progress. The
healthcare sector witnessed a notable reduction in the prices of essential medications, coupled with
strategic VAT exemptions for critical drugs. PhilHealth services were expanded, offering free dialysis
sessions for a majority of Filipinos. Efforts were directed towards addressing the shortage of medical
professionals.
Economic strides were evident, with a noteworthy increase in the employment rate to 95.7%. The
government pursued an aggressive investment strategy, both domestically and internationally, resulting
in substantial investments and job creation. Digitalization took center stage, with a focus on improving
internet speed and infrastructure. The eGov PH app was launched, integrating National ID for more
efficient public services.
The situation of Overseas Filipino Workers (OFWs) was addressed, showcasing a 62% increase in
deployment. Bilateral labor cooperation agreements with various countries were forged, emphasizing
safe working conditions and mechanisms for OFW welfare.
The housing sector saw progress, with a commitment to provide over a million affordable homes.
Climate change considerations were integrated into policies, adopting the circular economy concept for
sustainable resource use.
In the realm of peace and security, efforts were made to rebuild Marawi City, and an amnesty
proclamation for rebel returnees was proposed. Commitment to protect sovereign rights and territorial
integrity remained a priority.
The President appealed to Congress for support in passing key legislations, ranging from tax measures to
amendments in various codes and the introduction of new laws.
The address concluded with a call for continued collaboration between government, the private sector,
and international partners. The President expressed confidence in the nation's future, urging unity to
achieve a comfortable, stable, and secure life for all Filipinos.

Speech Ni BBM

Uploaded by

Copyright:

Available Formats

Speech Ni BBM

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Speech Ni BBM

Uploaded by

Copyright:

Available Formats

Our president Mr. Ferdinand Marcos Jr.

extends gratitude to various dignitaries, acknowledging the

You might also like