Malacañang Yearender: Marcos' return to power, and moving forward

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Malacañang Yearender: Marcos' return to power, and moving forward
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Six months after Marcos’ campaign for unity bore fruit, the Office of the President (OP) laid down what the new administration has achieved thus far.

Thirty-six years after his family was expelled from Malacañang following the first People Power Revolution, the Marcoses are back in power after President Ferdinand “Bongbong” Marcos Jr. won by a landslide in the May 2022 polls.

Under his watch, the OP said Marcos “led the government to take immediate action” in addressing various issues, such as addressing poverty incidence, food security, building a better healthcare system, and promoting economic transformation.President Marcos was able to secure a total of $23.6 billion in investment pledges from his six foreign trips this year. Marcos went on successive State Visits to Indonesia and Singapore in September.

Revenue collection was recorded at P331.1 billion, or up by 16.6 percent. The year-to-date collection was at P3.3 trillion, or up by 18.1 percent. The cumulative deficit went down by 7.2 percent or P96.3 billion.This year, the Marcos administration launched the “Pambansang Pabahay Para sa Pilipino ” housing project. So far, the national government has signed 43 memoranda of understanding with local government units with over 200,000 housing units committed over the past four months.

Under his watch, 34 farm-to-market roads worth P368 million were built. This covers a total of 23.72 kilometers.

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manilabulletin /  🏆 25. in PH

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