“Dutertenomics” is President Duterte’s economic strategy to dramatically raise funds—in large part through his proposed Comprehensive Tax Reform Program (CTRP)—and spend big on infrastructure, human capital formation and social protection. If “DuterteNomics” is sustained over the medium term, the Philippines will be a high-income economy in one generation or by 2040, officials said. We must prepare the economy to provide meaningful jobs for them or else risk building an alienated and discontented generation,” he said. The debt burden is no longer a drag on our economic growth. The government has allocated P847.2 billion for infrastructure in the 2017 budget, equivalent to 5.3 percent of GDP.

Source: Manila Times April 26, 2017 17:26 UTC