Concepcion hopes for more inclusive economy
MANILA — Presumptive p r e s i d e n t Fe r d i n a n d “Bongbong” Marcos Jr. should have a “more i nclusive” economy, presidential adviser for entrepreneurship Joey Concepcion said Monday.
Concepcion said that the economy under the succeeding administration s hould likewise focus on micro and small businesses, not just corporations.
“Under the administration of President Marcos, we hope to see that this economy will become more inclusive,” he said on ABSCBN News Channel’s Rundown.
“That’s my role — to see that we are able not just make this economy for large and mediumsized corporations, but a more inclusive economy that will include our micro and small entrepreneurs,” he stressed.
According to Concepcion, the next administration should prioritize job generation as many businesses struggled during the COVID-19 pandemic.
“He had a clear vision.
He knew that the MSMEs ( micro, small, and medium enterprises) generate the largest employment and many of them are struggling due to this pandemic,” the adviser said.
“It’s very clear that job generation should be at the top of the agenda of this administration — helping our MSMEs to financing, more financing, mentorship, and helping them access the market,” he explained.
The private sector is keen on seeing Marcos’ economic agenda as they wanted to get the details of what awaits under the upcoming administration, investors said.
Marcos is set to address the large debt that the country got due to borrowings to finance the government’s COVID-19 response.
The Philippines’ outstanding debt reached a new high of P12.68 trillion in March, the Bureau of the Treasury said.