DOF: Economic plan remains on trackAmid political noiseThe Department of Finance (DOF) has downplayed the current political noise hounding the Duterte administration, saying the government remains on track to restore peace and order, sustain the growth momentum, and bring the benefits of the fast-growing economy to all Filipinos. Alvarez also noted that Duterte’s centerpiece 10-point socioeconomic agenda on inclusive growth was “well received” by foreign institutions and local business groups. Alvarez said the DOF’s proposed tax plan will also devote more funds for social protection programs that will directly target the country’s most vulnerable sectors. “Obviously, Filipinos are aware of this and believe that meaningful change is indeed coming, given the President’s initial accomplishments in just three months in office,” she added. Earlier, Finance Secretary Carlos G. Dominguez III said the 10-point socioeconomic agenda aims not only to combat generational poverty but also to sustain high growth by, among others, sharpening the country’s global competitiveness to entice more investors to do business here.

Source: Manila Bulletin October 09, 2016 14:25 UTC