THE House of Representatives commends S&P Global Ratings’ recent upgrade of the Philippines’ credit rating outlook to “positive,” attributing this achievement to the decisive leadership of President Ferdinand “Bongbong” R. Marcos Jr., reflecting the nation’s robust economic policies and the government’s commitment to fiscal reforms.
House Majority Leader Manuel Jose “Mannix” M. Dalipe emphasized the significance of this economic milestone, stating, “This positive outlook is glaring proof to our efforts in steering the country towards economic resilience and growth.”
“The House has been proactive in enacting legislation that fosters economic stability and growth. Our commitment to passing laws that encourage public-private partnerships has been instrumental in funding major infrastructure projects,” Dalipe stated.
Among the significant legislative measures is the Public-Private Partnership (PPP) Act, which facilitates collaborations between the government and private sector.
“These partnerships are crucial in building roads, schools and hospitals that directly benefit our communities,” Dalipe explained.
The improved credit outlook is expected to lower the country’s borrowing costs, enabling the government to allocate more resources to essential services.
“With reduced interest payments, we can invest more in healthcare, education and poverty alleviation programs,” Dalipe said.
Dalipe also highlighted the importance of fiscal reforms in achieving this positive outlook.
“Our efforts in fiscal consolidation and prudent economic policies have been recognized internationally, reflecting our dedication to sustainable development,” he stated.
The House Majority Leader reiterated the legislative body’s unwavering support for the Marcos administration’s economic agenda.
“We remain committed to enacting laws that promote inclusive growth and ensure that no Filipino is left behind,” Dalipe affirmed.
He expressed optimism about the country’s economic trajectory.
“This achievement is a stepping stone towards attaining an ‘A’ sovereign rating, which will further boost investor confidence and economic opportunities,” he expressed.
Dalipe called on all stakeholders to continue their collaborative efforts in sustaining economic progress.
“It is through unity of purpose that we can achieve a prosperous future for all Filipinos,” he said.
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