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President Ferdinand Marcos, Jr., through the Department of Budget and Management (DBM) has submitted to Congress his first full budget for the fiscal year 2023. The total budget proposed by the new administration is ₱5.268 trillion and was described by DBM Chief Amenah F. Pangandaman as being “proactive and resilient…designed to withstand future risks, challenges and shocks.”

All advanced economies have attained progress on the back of world-class infrastructure. We can look at the examples of Japan, South Korea, Hong Kong and Singapore that built impressive airports, seaports, roads, bridges, railways and subways leading to cities full of skyscrapers.


The administration is very much aware of the critical role of infrastructure projects in shaping up a modern nation—they can also unleash the country’s full economic potential.

Those who are familiar with my advocacies know that I have always pushed for a stronger entrepreneurial spirit among our people, and, a more entrepreneur-friendly policy environment on the part of government. The reason is simple: Entrepreneurship is a key component to accelerating economic growth. It creates new jobs and opportunities, promotes innovation, and, more importantly, helps us in our fight to end poverty.