The Philippines Under Aquino Administration

Budget Secretary Florencio Abad said the country is in the right track towards progress and reform stressing that the Aquino administration has been very focused in attaining continued economic growth.

“It’s a clear unmistakable recognition that in so far as the financial conditions and the economy is concerned we’re in the right direction. In fact, we are aiming for an investment … we must continue with good governance. We must continue with minimizing poverty and more important we have to get the economy to grow rapidly at 7 to 8 percent equitably so that we can generate jobs sustainably,” Abad said in an interview with Karen Davila of Headstart aired live over ANC television on Monday.

The government must make sure that the domestic economy doesn’t move erratically but continuously grow so that at the end of the President’s term an 8 percent economic growth will be achieved, he said.

The national budget plays a significant role in achieving sustainable growth, Abad continued.

For instance, he said, the President has identified major government targets like investing on semi-conductor and electronics industries and the expansion from the business process outsourcing (BPO) industry.

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