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PIA Press Release
2005/12/23

PGMA resolved to bail out nation from poverty, hunger

MANILA (23 December) -- Malacaņang is determined to put the country on higher grounds as President Gloria Macapagal-Arroyo expressed resolve to bail out the nation from poverty and hunger on the back of a tough economic agenda and a penetrating social agenda-through good governance and political will.

In a press statement, the President said the people have been battered by high prices and the need for jobs, hence, the must to carry now the fruit of tough reforms to their doorstep.

"Phase 1 of our economic reforms has reaped growth and confidence; Phase 2 is to transform our gains into stronger and more tangible social benefits-under an overall umbrella of fiscal stability," she said.

Recently, the Arroyo government announced the availability of a P35 billion "multi-agency fund" from government savings realized from the implemented fiscal reforms and austerity measures.

Meanwhile, Mrs. Arroyo made clear that these savings will be pumped into jobs, food, health and education support to expand the nation's infrastructure to drive investments and tourism. (PIA-MMIO) [top]

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