What Marcos said in his second...

inflation rate by 2024.

Investments

• Economic and social services comprise 70% of the national budget, marcos said as his top priorities are food security, education, health, jobs and social protection.

• The Board of Investments approved P1.2 trillion investment projects for the administration’s first year.

• P230 billion for the newly established Green lanes for strategic Investments that hopes to hasten the process of securing licenses and permits.

• Marcos wants more structural tax reforms.

Revenue generation

• Marcos aspires tax and revenue generation to reach up to 17.3% by 2028.

• Bureau of Internal Revenue - collected P1.05 trillion, a 10% increase from 2022.

• Bureau of Customs - collected P476 billion, a 7.4% increase from 2022.

• Philippine Amusement and Gaming Corporation (PAGCOR)a 47.9% increase in revenue.

• Philippine Charity sweepstakes office (PCso) - a 20% increase in revenue.

Kadiwa stores this program was originally introduced by the late dictator ferdinand marcos sr. to lower the prices of agricultural commodities. Just as it was then, the present Kadiwa stores aim to empower farmers with a direct farm-to-consumer food supply chain. marcos promises that the Kadiwa stores will not have any additional fees and middlemen. he says that the existing ones have increased the earnings of farmers and lessened the cost for consumers. marcos envisions making Kadiwa stores permanent, as well as building more across the country. the president urged Congress to revisit and amend the Philippine fisheries Code of 1998 (r.A. No. 8550) with science-based analysis to better determine appropriate fishing areas. three hundred farm and fisheries clusters have been determined and are composed of 900 cooperatives and over 200,000 hectares of arable land. marcos called for the support of Congress to amend the Philippine Cooperative Code of 2008 to speed up the formation of cooperatives. marcos said the government distributed more than 28,000 new and “quality” machines and equipment for farmers to use. fuel and fertilizer discount vouchers were also said to provide relief for farmers amid high prices of the commodities. marcos said the government distributed fertilizers donated by China. Geo-Agri map of farm-tomarket roads was developed to push for the farm-to-consumer supply chain. About 4,000 fabrication labs, production and cold storage facilities were built. meanwhile, 24 multi-species hatcheries were constructed to increase fish production over 70,000 titles of land have been awarded to the beneficiaries of the administration’s agrarian reform, marcos said.

1.8 million families were said to have benefited from the 7,000 Kadiwa stores in the Philippines. the profit of Kadiwa stores has reached about P700 billion and provided employment opportunities for members of over 3,000 cooperatives and organizations.

Fisheries and Agriculture marcos said that the methods of the Department of Agriculture, which he chairs, are “more guided by science” in hopes for sustainable production.

New technologies such as Philippine-based bio-fertilizers and balanced fertilizer strategy were said to help farmers reduce costs on fertilizers.

According to marcos, executive order No. 4 implemented the Agrarian emancipation Act where the total P57 billion debt of 600,000 beneficiaries has been erased.

El Niño

• Marcos said the country will prepare buffer stocks and reserved water supply. should the need arise, he added, the government will conduct cloudseeding to induce rain.

• Six thousand rainwater collection systems have also been installed across the country.

Water

• “Considering its fundamental importance, water security deserves our special focus. our efforts must not be scattershot, but rather, cohesive, centralized and systematic,” marcos said.

• Created the Water Resources management office

• Urged Congress to pass the bill