PH trek to high income status to be delayed

Despite a looming delay in the Philippines' rise to high income status, the Marcos administration's goal to slash poverty to a record low of 9 percent is attainable, the country's chief economist said on Wednesday. During the 2022 economic forum of the Economic Journalists' Association of the Philippines and San Miguel Corp., Socioeconomic Planning Secretary Arsenio Balisacan noted that during his first stint at the National Economic and Development Authority (Neda), he shepherded the "AmBisyon Natin 2040" vision to make the Philippines a high income country where no one would be classified as poor 18 years from now. "Considering the impact of the COVID-19 pandemic, achieving that ...

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