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The President of the Philippines Bongbong Marcos delivered his first State of the
Nation Address on the twenty-fifth of July. He went to address about the economy and
the entire cycle of challenges facing the Philippines. He believes Filipinos care
deeply, especially the economic recovery program, the government’s pandemic
response, and also about returning face-to-face schooling. For the 25 minutes, he
talked about health wherein Filipinos can no longer afford another lockdown. The
president reiterated the importance of farm-to-market roads to ease the transport and
delivery of farm inputs and products from the farms to trading centers. Moreover,
towards a more healthy diet, he will focus on providing better access to food through
modernized public markets. He mentioned that a healthy diet will not alone improve
people’s health but will also lower the costs of treatment and medication. Aside from
increasing food production, the president is also determined to provide consumers
access to safe and quality food items at affordable prices.
The president began his speech by stating that we are living in difficult times but we
are finding solutions to our problems. In Economy, Marcos vowed to create a fiscal
management tax administration reform that will increase revenue collection. He also
said that expenditure will be realigned and eco-zones will be fully supported. He said
the country’s tax system will be adjusted in order to catch up with digital economy.
The Philippines is one of the fastest-growing major economies in the region and one
of Asia’s most diversified economies. Despite this, it experiences high rates of
poverty, inequality, and unemployment.It is clear from his policies that President
Marcos has the best interest of the country at heart. One way to address these
challenges is through fiscal policy or government decisions about taxes, government
spending and borrowing that affect economic growth as well as income distribution
within a country. Fiscal policy is important to address poverty and inequality. By
Boosting investments in physical and human capital, which can help the poor
participate more productively in the economy. By providing transfers to the poor, who
are often unable to contribute meaningfully to the economy through work because of
their low levels of income. These transfers can help the poor increase their
consumption, which is an important way they can better support themselves and their
families.By increasing transfers to lower-income workers, who may not pay enough
income tax due to low wages or tax evasion by wealthier taxpayers.It is important that
the government should not burden its citizens with heavy taxes. Implementing this
will help the filipino people from burden.
FOOD CRISIS -- Marcos said the Department of Agriculture, which he heads, will
come up with solutions to the rising prices and lack of supply of food. One way to
address this, he said, is by increasing the production of farmers in the planting season
by providing them financial and technical assistance. The government will also
strengthen the value chain.
Marcos also vowed to provide subsidies for farmers amid the soaring prices of
fertilizers and pesticides, among others.
The recent food crisis in the Philippines has led to an increase of food prices and a deficit in
supply. With the recent food crisis in the country and prices of basic goods increasing, we should
learn how to protect ourselves from price fluctuations in the market.
“The need for a stronger healthcare system is self-evident... We will bring medical
services to the people, not wait for them to come to centers,” he said.
CHEAP MEDICINES -- Aside from building more health centers and hospitals,
Marcos vowed to bring prices of medicines down and ensure enough supply of it. He
said he had started talking to pharmaceutical companies to lower the prices of
medicines.
He said the Department of Education (DepEd), headed by its secretary Vice President
Sara Duterte, has already been preparing for its implementation in the upcoming
school year “with utmost consideration of the students and teachers’ safety.
K to 12 -- The President also said that the government’s K to 12 program has been
reviewed. “All inputs are now being considered,” he assured.
“As for the horror stories that we have heard about the poor quality of education
materials and supplies, this must end,” Marcos added.
He said that infrastructure development will remain a very high priority of his
administration.
He said PPPs “hold great potential for that expansion, for infrastructure development
and for innovation.”
“Our search for new power sources should always be with an eye to improving the
mix of the energy supply between traditional and renewable sources,” he said.
NUCLEAR POWER PLANTS -- In his first Sona, Marcos said it is time to re-
examine the government’s strategy toward building nuclear power plants in the
country.
He assured that the government will comply with the International Atomic Energy
Agency (IAEA) regulations, stressing that “in the area of nuclear power, there have
been new technologies developed that allow smaller scale modular nuclear plants and
other derivations thereof.”
RENEWABLE ENERGY -- Marcos stressed that the use of renewable energy is at
the top of his climate agenda. He said the government will increase the country’s use
of renewable energy sources such as hydropower, geothermal power, solar, and wind.
FRESH WATER SUPPLY -- The government will also look into the “precarious
fresh water supply situation” especially in urban areas. Marcos said the water supply
systems, which date back to the 1950’s, must be rehabilitated and improved.
He said the Philippines will continue to be a friend to all, an enemy to none, but he
stressed: “We are very jealous of all that is Filipino.”
“We will endure. Let our Filipino spirit ever remain undimmed. I know this in my
mind. I know it in my heart. I know it in my very soul... The state of the nation is
sound.”