The inaugural speech of President Ferdinand Marcos, Jr. was a preamble to his first State of the Nation Address (SONA). The SONA provided a broader explanation and discussion of the concerns, issues, and sectors that need to be prioritized as tackled in the inaugural speech.
Among other important things, the economic agenda of the Marcos Jr. government envisions that the country would achieve middle-income status by 2024 and economic growth of 6.5% to 8% from 2023-2028.
Meanwhile, the headline goal or target for average inflation is 2%-4% between 2024 and 2028. The targets also include improving foreign exchange to between P51-P55 per $1 in 2023-2028, increasing the exports of goods by 6% from 2023-2028, and imports by 8% in the same period. Read More
