THE Philippines’ recent credit rating outlook upgrade to “positive” by S&P Global Ratings reflects the unified leadership and effective governance of President Ferdinand “Bongbong” R. Marcos Jr., showcasing the administration’s commitment to economic stability and growth despite challenges besetting the nation.
This is according to Speaker Ferdinand Martin G. Romualdez, the leader of the 300-plus-strong House of Representatives, describing the international credit rating organization’s credit upgrade on the Philippines as significant step toward achieving an ‘A’ sovereign rating.
“Ang pagtaas ng ating credit rating outlook ay patunay ng matatag na pamumuno ni Pangulong Marcos. Sa kabila ng kabi-kabilang hamon sa ating lipunan, nananatiling nakatuon ang administrasyon sa pagpapabuti ng kabuhayan ng bawat Pilipino,” Speaker Romualdez declared.
The upgrade highlights the nation’s improved fiscal management, robust economic reforms and policy environment conducive to long-term development.
“Ang pagkilalang ito mula sa S&P ay nagpapakita na nasa tamang landas ang ating bansa. Nakikita ng international community ang potensyal ng Pilipinas bilang isang matatag at maunlad na ekonomiya sa ilalim ni Pangulong Marcos,” Speaker Romualdez explained.
He emphasized the vital role of Congress in supporting economic policies that drive growth.
“Ang Kongreso ay aktibong nakipagtulungan sa ehekutibo upang maipasa ang mga batas na naglalayong palakasin ang ating ekonomiya at lumikha ng mas maraming trabaho para sa ating mga kababayan,” he said.
Among these initiatives are the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act or the “CREATE MORE” Act, and key tax reform measures, which have attracted investments and boosted economic activity.
These legislative efforts have been pivotal in achieving the upgraded credit rating outlook.
“What does this upgrade mean? Mas marami ang mag-i-invest sa ating bansa dahil sa rating na ito. Mas maraming investment, mas lalago ang ating ekonomiya at mas dadami ang trabaho para sa ating mga kababayan,” Speaker Romualdez said.
“Ibig sabihin, aangat ang kalidad ng buhay ng bawat Pilipino at ito ang magtitiyak ng mas maginhawa at mas matiwasay na kinabukasan para sa ating bansa,” he added.
The Speaker lauded President Marcos’s leadership in navigating global economic uncertainties.
“President Marcos has steered the country through challenging times, ensuring that the economy remains robust and capable of competing on the global stage,” he said.
Speaker Romualdez also highlighted the administration’s focus on inclusive growth, particularly through infrastructure development and social programs aimed at uplifting underserved sectors of society.
“Patuloy tayong nakatuon sa mga proyektong magbibigay ng direktang benepisyo sa ating mga kababayan, lalo na sa pinakamahihirap,” he added.
S&P’s recognition serves as a reminder of the importance of sustaining the reforms and policies that have brought the country this far.
Speaker Romualdez reiterated Congress’s commitment to passing laws that strengthen the economy and enhance the nation’s creditworthiness.
The Leyte lawmaker also addressed the political distractions that have challenged the administration.
“Sa kabila ng mga ingay sa paligid, hindi natitinag ang pamahalaan sa layunin nitong itaas ang antas ng pamumuhay ng mga Pilipino,” he stressed.
Speaker Romualdez called on all sectors to rally behind the administration’s efforts to sustain the country’s upward trajectory.
“Ang tagumpay na ito ay bunga ng ating pagkakaisa at pagtutulungan. Patuloy tayong magkaisa para sa ikabubuti ng ating bayan,” he said.
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