Manila: The Philippine economy remains robust and poised for new investments, according to Malaca±ang, as the Marcos administration continues its vigorous fight against corruption.
According to Philippines News Agency, Palace Press Officer Claire Castro highlighted in a briefing that the government has developed a ‘comprehensive catch-up plan’ aimed at meeting its economic goals while intensifying efforts to hold accountable those involved in corruption scandals and flood control anomalies. Under the leadership of President Ferdinand R. Marcos Jr., the economy is described as being on solid ground and welcoming to investors.
The government is focused on ensuring the country’s fiscal health is on the right path, with ongoing efforts to gradually reduce the deficit and debt. Castro emphasized that the administration is committed to being responsive, acting swiftly, and prioritizing the interests of the nation and its citizens. She also assured that the administration remains fearless, unbiased, and determined to hold individuals accountable without any hesitation.
Additionally, Castro addressed concerns about the recent reassignments of economic managers, affirming that these changes would not delay the timely passage of the 2026 budget. The government recently announced the resignation of Budget Secretary Amenah Pangandaman and Executive Secretary Lucas Bersamin following their implication by former lawmaker Zaldy Co in a controversy surrounding the 2025 national budget.
Undersecretary Rolando Toledo has been appointed as the new Budget Secretary, while Recto has taken over the role of Executive Secretary. Special Assistant to the President for Investment and Economic Affairs Frederick Go has been appointed as the new Finance Secretary following Recto’s transfer.
Castro conveyed Secretary Go’s reassurance that the reassignments within the cabinet, particularly in the Department of Finance (DOF) and Department of Budget and Management (DBM), would not affect their operations, as the same dedicated team continues to handle the budget and finance matters.
