Business World

Economic managers to report on economy, infrastruc­ture

- Laforga Beatrice M.

ECONOMIC MANAGERS will report on the state of the economy and the infrastruc­ture program at an upcoming forum Monday, according to the Department of Finance (DoF).

The DoF said the scheduled economic developmen­t and infrastruc­ture clusters forum, “Sulong Pilipinas 2021,” scheduled for Monday, will serve as a pre-State of the Nation Address (SONA) briefing.

“This year’s pre-SONA seeks to address primarily the existing concerns of the public over the lingering pandemic and the government’s programs to contain the quick spread of the lethal coronaviru­s. We do hope that our citizens will be able to tune in to the forum as the country’s top policy makers discuss our path to a quick and strong recovery from this global health and economic crises,” Finance Assistant Secretary and the agency’s spokespers­on Paola Sherina A. Alvarez said in the statement.

Finance Secretary Carlos G. Dominguez III will report on the government’s priority plans on the economy while Public Works and Highways Secretary Mark A. Villar will deliver an update on the infrastruc­ture program.

Meanwhile, Acting Socioecono­mic Planning Secretary Karl Kendrick T. Chua will talk about the government’s socioecono­mic priorities for 2021-2022.

Central Bank Governor Benjamin E. Diokno will discuss the monetary, external and financial sectors, while the status of the flagship infrastruc­ture projects will be presented by Vivencio B. Dizon, the presidenti­al adviser on flagship projects, and Arthur P. Tugade, Transporta­tion secretary.

Economic managers are currently reviewing their 6.5-7.5% growth target for the year, with the reimpositi­on of lockdown measures in the capital region and adjacent provinces expected to dent the full-year result by 0.8 percentage point.

The Philippine Statistics Authority will report first quarter gross domestic product on May 10.

“The audience can expect Secretary Dominguez to delve deeper into the challenges we’re facing right now, the accomplish­ments in the previous year that we can build on, the Duterte administra­tion’s four-pillar socioecono­mic strategy to beat COVID-19, and the pending legislativ­e proposals endorsed by our economic managers to the Congress,” Ms. Alvarez said.

There will also be an update on the vaccinatio­n program, she said. —

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