00:00The economic managers of the government believe that the credit ratings of the Philippines will increase.
00:05This is also in line with the positive outlook of the country from an international credit rating company
00:12which proves that the investors in the government have great confidence in President Ferdinand R. Marquez Jr.
00:19Kenneth Paciente of PTV in Balitang Pambansa.
00:23The government believes that the country's economy will continue to grow under the administration of President Ferdinand R. Marquez Jr.
00:31This is after the S&P Global Ratings upgraded the economic outlook of the Philippines from a positive to a stable.
00:39The country also maintained its BBB Positive Credit Ratings.
00:43This became the benchmark of the S&P Global Ratings in the country
00:46Because of the growth potential of the Philippines, effective policies and fiscal reforms will be implemented.
00:54The country's infrastructure and policy environment will also improve according to the DOF.
00:59Because of this benchmark, the Philippines will have greater access to cheaper and cost-effective expenses in lending to the government and private sector.
01:10The reasons for the funding of the government's project include infrastructure, healthcare, education, and others.
01:18This proves that the investors have great confidence in President Ferdinand R. Marquez Jr.'s administration in the country's economy
01:25because of its stable economic environment.
01:28The DOF also believes that the country will have additional upgrades in ratings in the coming time.
01:34This is what the economic managers of the government agreed to.
01:38According to them, the administration is determined to increase the country's rating in A.
01:43And they believe that this will not affect the country's political challenges.
01:49According to the group, this is possible to reach the country within two years.
01:54They also believe that this development reflects that the country's fiscal consolidation plan is on track.
02:00They also believe that the create more law and public-private partnership law, which was once signed by the President, will help the country's consolidation.
02:08They also believe that this is only a proof of the country's stability in the face of challenges from calamities, geopolitical tensions, and others.
02:16The economic managers also believe that the government is business as usual in the face of the current issues.
02:22They believe that the different branches of the government will help the country's progress.
