Members of President Rodrigo Duterte’ Cabinet boasted of “Dutertenomics,” the nation’s financial and growth blueprint, as a means to enhance Filipinos’ high quality of life at the sidelines of the World Economic Forum (WEF) on ASEAN 2017 in Phnom Penh, Cambodia’s capital on Thursday (May 11).
“Dutertenomics underlies our 6-year development plan to achieve high middle income status by the time our President leaves office within a generation. We aim to eliminate poverty and rank among the thirty largest economies in the world,” Communications Secretary Martin Andanar stated.
“Our milestones are ambitious. We will spend 5 to 7% of our Gross Domestic Product (GDP) every year on infrastructure,” he added.
The Duterte administration plans to take a position US$160 billion in the nation’s bodily infrastructure below the program “Build-Build-Build Infrastructure Plan.
Included in the Build-Build-Build Infrastructure Plan are a 650-km community of latest or improved roads from La Union in the north to Camarines Sur in the south, the nation’s first subway system working in Metro Manila, rail tasks working to the north and south of Manila and the Mindanao Railway.
Other tasks embrace the transformation of Clark Airport into the nation’s second premier gateway and the general upgrading of the nation’s total airport system.
Trade Secretary Ramon Lopez stated the Duterte administration is not simply centered on the nation’s drug downside, however it is about making enterprise and bringing change and prosperity for all.
Joining Andanar and Lopez in the presentation of “Dutertenomics” have been Secretary Arthur Tugade of the Department of Transportation, Secretary Mark Villar of the Department of Public Works and Highways (DPWH), Secretary Alfonso Cusi of the Department of Energy (DOE), National Economic and Development Authority (NEDA) Director-General Ernesto Pernia, President and CEO Vivencio Dizon of the Bases Conversion and Development Authority (BCDA), Presidential Spokesperson Ernesto Abella and Senator Alan Peter Cayetano