Inflation may hit up to 9.3 percent in December and remain elevated until the first quarter of next year given high global commodity prices and the lingering impact of recent typhoons, economists said.
“Let us be reminded to press on with our focus on military operations, and strengthen our intelligence capabilities, community relations activities, and our civil-military operations in order to contribute towards enduring peace and sustainable progress for our country,” Philippine Army Commanding General Lt. Gen. Romeo Brawner Jr. said.
Leaving no chance for a reenacted budget, the Senate is set on approving the record P5.268-trillion General Appropriations Act for 2023 by the end of November.
President Marcos’ economic managers briefed leaders of the House of Representatives yesterday on the proposed P5.268-trillion budget for 2023, presenting it as a springboard for economic recovery in post-pandemic times.
The number of Filipino adults with savings dropped by 25 percent from 38.6 million in 2019 to 28.9 million in 2021 due to the impact of the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas.