MANILA, Philippines — The Division of Funds and Administration on Wednesday expressed confidence that the Philippines can attain its 6% gross home product progress aim for 2025.
The Improvement Funds Coordination Committee (DBCC) has set the 2025 goal inside a spread of 5.5% to six.5%, trimmed from the sooner 6.5% to 7.5%.
Funds Secretary Amenah Pangandaman stated she expects progress to settle close to the midpoint.
“I believe there are quite a lot of investments coming in already,” she stated in an ambush interview, including that overseas investments are beginning to materialize.
Requested what may energy the financial system, Pangandaman pointed to authorities spending. She added that, for now, there is no such thing as a must revise the DBCC’s targets.
DBM/Launched
The Marcos administration is aiming for six% to 7% GDP progress via the rest of the president’s time period.
The 2025 forecast was revised earlier because of “international uncertainties” together with Center East tensions and new U.S. tariffs.
“Accelerated implementation of presidency applications and initiatives additionally stays a key precedence, alongside seizing progress alternatives within the providers sector,” the DBCC stated in a earlier assertion.
