Filipino optimism for 2017 remains ‘very high’

MANILA-- A Social Weather Stations (SWS) survey showed 'very high' optimism among the Filipinos in their quality of life six months after they elected former Davao City mayor Rodrigo Duterte as the country's president in May 2016 elections.

According to the SWS 2016 Fourth Quarter survey conducted from December 3-6, 48 percent of the 1,500 respondents expect that their personal quality of life would improve in the next 12 months compared to 3 percent that said it would get worse.

The survey also showed that 51 percent of Filipinos have expressed optimism that the Philippine economy in 2017 will get better compared to only 8 percent who said it will deteriorate.

On the other hand, 37 percent of Filipinos said their lives improved in the last 12 months compared to 21 percent who said their lives worsened.

Presidential Spokesman Ernesto Abella said the latest survey affirmed that President Duterte is on the right track of pursuing economic progress as well as peace and order.

"The SWS fourth quarter survey showed very interesting statistics. The Duterte administration has pursued a policy of economic inclusivity anchored with peace and order," Abella said.

During the recent Manila Times 5th Business Forum in Davao City, Abella said Asian Development Bank (ADB) country director Richard Bolt had said President Duterte's 10-point socio-economic agenda is on the track.

"Content with the economic progress in the Philippines, Mr. Bolt said there is a need to sustain growth on buoyant domestic consumption and public and private partnership for the Philippine economic remains strong," Abella said.

The 10-point socio-economic agenda of President Duterte includes:

-- Continue and maintain current macroeconomic policies, including fiscal, monetary, and trade policies;

-- Institute progressive tax reform and more effective tax collection, indexing taxes to inflation;

-- Increase competitiveness and the ease of doing business;

-- Accelerate annual infrastructure spending to account for 5 percent of GDP, with Public-Private Partnerships playing a key role;

-- Promote rural and value chain development toward increasing agricultural and rural enterprise productivity and rural tourism;

-- Ensure security of land tenure to encourage investments, and address bottlenecks in land management and titling agencies;

-- Invest in human capital development, including health and education systems, and match skills and training to meet the demand of businesses and the private sector;

-- Promote science, technology, and the creative arts to enhance innovation and creative capacity towards self-sustaining, inclusive development;

-- Improve social protection programs, including the government's Conditional Cash Transfer program, to protect the poor against instability and economic shocks; and,

-- Strengthen implementation of the Responsible Parenthood and Reproductive Health Law to enable especially poor couples to make informed choices on financial and family planning. (PNA)

Source: Philippines News Agency

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