By SARAH HILOMEN-VELASCO
July 8, 2011
MANILA, Philippines — The Aquino government has vowed to spur economic activities by creating employment particularly for the grass roots level.
This is the thrust of President Aquino’s administration which, according to his economic managers, will be detailed in his second State- of -the-Nation Address (SoNA) later this month.
Authorities said that President Aquino has not wavered in his commitment to improve the economic conditions in the country, described to be “on track.”
Finance Secretary Cesar Purisima said that the government has been concentrating its efforts based on four pillars identified as critical areas to effect change in the economy.
Purisima, chair of the economic cluster of Aquino’s Cabinet, cited the four pillars such as improving tax collection by going after smugglers and tax evaders, boosting infrastructure spending with the help of the private sector through the government’s public-private partnership program, cutting red tape to simplify putting up a business in the country; and investing in the people through the Conditional Cash Transfer program.
“Simple lang ang utos ng Pangulo sa economic cluster: Pabilisin ang takbo ng ekonomiya, pabilisin ng takbo ng ekonomiya para mas maraming trabaho ang magagawa at matutulungan ang mga kababayan natin,” Purisima said.
Socio-economic Planning Secretary Cayetano Paderanga Jr. said that one of the main ingredients to a successful economy lies in its people. He said that Aquino wants no Filipino left behind as the country rises to greater heights under his stewardship.
Paderanga revealed that Aquino earlier authorized the release of P700 million to the Technical Education and Skills Development Authority to uplifting the agency’s Training for Work Scholarship Program that aims to equip poor but deserving individuals with the necessary skills to qualify for jobs in “in-demand” countries which include business process outsourcing, tourism, agro-industrial processing and infrastructure, among others.
He disclosed that the commitment of improving the lives of the people is anchored on the President’s 16-point “Social Contract with the Filipino People,” which envisions inclusive growth, or growth that is shared by all, for the country.
Paderanga also said that the social contract’s most important objectives are employment generation and poverty reduction.
This is the thrust of President Aquino’s administration which, according to his economic managers, will be detailed in his second State- of -the-Nation Address (SoNA) later this month.
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| Pres. Aquino's outlook on the economy reflects in his smile |
Authorities said that President Aquino has not wavered in his commitment to improve the economic conditions in the country, described to be “on track.”
Finance Secretary Cesar Purisima said that the government has been concentrating its efforts based on four pillars identified as critical areas to effect change in the economy.
Purisima, chair of the economic cluster of Aquino’s Cabinet, cited the four pillars such as improving tax collection by going after smugglers and tax evaders, boosting infrastructure spending with the help of the private sector through the government’s public-private partnership program, cutting red tape to simplify putting up a business in the country; and investing in the people through the Conditional Cash Transfer program.
“Simple lang ang utos ng Pangulo sa economic cluster: Pabilisin ang takbo ng ekonomiya, pabilisin ng takbo ng ekonomiya para mas maraming trabaho ang magagawa at matutulungan ang mga kababayan natin,” Purisima said.
Socio-economic Planning Secretary Cayetano Paderanga Jr. said that one of the main ingredients to a successful economy lies in its people. He said that Aquino wants no Filipino left behind as the country rises to greater heights under his stewardship.
Paderanga revealed that Aquino earlier authorized the release of P700 million to the Technical Education and Skills Development Authority to uplifting the agency’s Training for Work Scholarship Program that aims to equip poor but deserving individuals with the necessary skills to qualify for jobs in “in-demand” countries which include business process outsourcing, tourism, agro-industrial processing and infrastructure, among others.
He disclosed that the commitment of improving the lives of the people is anchored on the President’s 16-point “Social Contract with the Filipino People,” which envisions inclusive growth, or growth that is shared by all, for the country.
Paderanga also said that the social contract’s most important objectives are employment generation and poverty reduction.
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