NCR Plus covers the National Capital Region and the provinces of Bulacan, Laguna, Rizal and Cavite. “By targeting these areas, Covid-19 transmission can be dramatically reduced throughout the country,” the Budget chief further said. For his part, Socioeconomic Planning Secretary Karl Kendrick said the DBCC’s adjusted growth target also took into account the disparity between the government’s lockdowns this year and the quarantines it imposed last year. The acceleration in the vaccination efforts of the government in the areas of highest risks that includes the NCR was also considered in the revised growth target. For 2021 to 2024, the Philippine peso-US dollar exchange rate assumption was also revised to P48 to P53 per dollar.

Source: Manila Times May 18, 2021 16:30 UTC