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Palace Unveils ‘Dutertenomics’
ECONOMIC GOALS – The Department of Finance (DOF) and Presidential Communications Operations Office (PCOO) hold a forum on ‘Dutertenomics’ yesterday at the Conrad Hotel in Pasay City to discuss President Rodrigo Duterte’s 10-point socio-economic reform agenda. Shown from left are presidential spokesman Undersecretary Ernesto Abella, Transportation Secretary Arthur Tugade, Budget and Management Secretary Benjamin Diokno, Executive Secretary Salvador Medialdea, Finance Secretary Carlos Dominguez, Socio-Economic Planning Secretary Ernesto Pernia, and Public Works and Highways Secretary Mark Villar.
April 19th, 2017 | 09:33 AM | 316 views
The government has formally unveiled its economic and social development blueprint to harness the country’s fiscal boom resulting from the administration’s peace and order efforts.
Executive Secretary Salvador Medialdea said “Dutertenomics” involves accelerated infrastructure spending, progressive tax reform package, and improved social services and development programs.
Addressing the government-sponsored economic forum in Pasay City, Medialdea explained the administration saw the need for a “structured plan” in a bid “to harness the onrush of economic activity naturally resulting from a more orderly society,”
He said the President started with a “simple yet pragmatic economic strategy” to combat illegal drugs and crimes, bring peace to Mindanao, and neutralize terrorist and extremist groups.
“The concept is easy to understand: Restore peace and order and the rule of law and everything else will follow including economic and social development,” he said.
“Almost a year has passed since the new administration took the reign of government and we now see that the President’s economic strategy is bearing fruit. There is a heightened sense of security among the citizenry and enhanced confidence in the business community,” he added.
Under the Dutertenomics, Medialdea said the government will continue current policies that have successfully contained inflation, stabilized foreign exchange, and attracted foreign investments.
He said the President will also continue to give a special attention to the well-being of millions of overseas Filipino workers who have become a constant and reliable source of national income.
In the same forum, Presidential spokesman Ernesto Abella launched the government’s online portal to track the implementation of various infrastructure projects.
Abella said the “Build, Build, Build” portal or www.build.gov.ph is a real-time tool where projects are monitored and tracked with relevant information made available to the public.
“It’s a manifestation of the Duterte government’s commitment to ensure that all these projects will be corruption-free,” he said.
courtesy of MANILA BULLETIN
by Genalyn Kabiling
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