The administration of President Ferdinand R. Marcos Jr. is eyeing to reach its economic target amidst all challenges by staying on track to fulfill the needs and aspirations of Filipinos, Budget Secretary Amenah Pangandaman said on Friday.
Speaking during the 2025 Budget Execution Forum at the Philippine International Convention Center (PICC), Pangandaman said the administration’s overarching goal for the 2025 national budget is to fulfill the needs and aspirations of the people.
“Under our agenda for prosperity, we need to reach our economic targets of 6 to 8 percent GDP (gross domestic product) growth, bring down our deficit-to-GDP to 5.3 percent from 5.7 percent in 2024, achieve upper middle-income status and bring down the poverty levels into single digits,” she said during the meeting.
“Amidst all the challenges, let us stay on track towards an inclusive and sustainable economic transformation.”
Friday’s meeting underscores the seriousness in turning the nation’s aspirations into concrete actions, the budget chief said, stressing the critical role of budgeting and ensuring the efficient and effective delivery of public services to the people.
“As mentioned by our Executive Secretary, this is a matter we must not take lightly. I hope that by the end of today’s session, we will have a deeper understanding of the budget process and more importantly the key terminologies enabling us to guide the public more effectively and responsibly,” she said.
The President presided over the 24th NEDA Board Meeting with full attendance on Thursday at the Malacañan Palace to discuss the PDR 2024.
The PDR 2024 highlighted progress on advancing economic transformation and growth, ensuring food and water security, investing in social development, protecting the integrity of the environment toward a climate-resilient nation, ensuring peace and order and national security, and pursuing digital transformation and good governance towards inclusive progress. (PND)
