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Finance Secretary Benjamin E. Diokno engaged in in-depth discussions on policy reforms in the pipeline which are necessary to sustain the Philippines’ growth momentum during the Post-State of the Nation Address Philippine Economic Briefing (Post-SONA PEB) on July 25, 2023 at the Philippine International Convention Center (PICC) in Pasay.
Finance Secretary Benjamin E. Diokno showcased the Philippines’ competitive investment ecosystem to the Indonesian business community during the Philippine Investment and Financial Briefing on August 23, 2023 at the Philippine Embassy in Jakarta, Indonesia.
The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr., approved on July 19, 2023 the Ninoy Aquino International Airport (NAIA) and Laguindingan International Airport public-private partnership (PPP) projects aimed at enhancing airport operations during its 7th meeting at the Malacañan Palace.
The country’s headline inflation rate rose to 5.3 percent in August 2023 from the 4.7 percent recorded in the previous month. This brings the year-to-date inflation rate to 6.6 percent, higher than the Development Budget Coordination Committee (DBCC) assumption of 5.0 to 6.0 percent for full year 2023.
The Department of Finance (DOF) clarified that only 12.1 percent, equivalent to PHP 699.2 billion, of the proposed PHP 5.768-trillion budget for Fiscal Year (FY) 2024, is allocated to financing the debt burden, including net lending.
Finance Secretary Benjamin E. Diokno represented the Philippines at the ASEAN Finance and Health Ministers Meeting (AFHMM) and the ASEAN High-Level Dialogue on Promoting Sustainable Infrastructure Development on August 24, 2023 in Mulia Hotel, Jakarta, Indonesia. The meetings are part of the official activities leading up to the 10th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) on August 25.
The International Monetary Fund (IMF) mission team, led by IMF Mission Chief Shanaka Jayanath Peiris, presented their assessment on the Philippines and acknowledged its strong post-pandemic growth of 7.6 percent in 2022.
Finance Secretary Benjamin E. Diokno commended the Social Security System (SSS) for enhancing its systems to cover even the most vulnerable Filipinos locally and abroad during the celebration of the SSS’ 66th Founding Anniversary on September 8, 2023 at the SSS Main Office in Diliman, Quezon City.