Ominguez Said The Government Support Needed To Protect Vulnerable Citizens And Critical Sectors Most Affected By Crisis Will Stretch State Finances Further He Measures Outlined Secretary Karl Kendrick Chua Of National Economic Development Authority Neda Squarely Address These Potential Shocks Help Insulate Filipinos From Ill Effects Quot With That Has Presented News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Finance Secretary Carlos Dominguez III MANILA - Finance Secretary Carlos Dominguez III has assured President Rodrigo Duterte that the impact of the current Russia-Ukraine crisis on the Philippines would only be temporary, and a comprehensive set of measures are now being implemented to ease its impact on the economy and the people. Dominguez said that despite the negative repercussions of the crisis in the form of increased energy and food prices, he is confident that the government will be able to keep inflation within the target range of 2 to 4 percent and attain its goal of expanding the economy between 7 and 9 percent this year. "I would like to emphasize that we do not expect this crisis to last very long. However, there may be some lingering effects. We have seen similar crises in the past, such as in The Gulf War in 1990, the oil price shock of 2008, and also the first Russia-Ukraine conflict in 2014, and we have weathered all of these crises very well," Dominguez said ....

United States , Rodrigo Duterte , Karl Kendrick Chua , Department Of Agriculture , Development Authority , Rice Competitiveness Enhancement Fund , Development Bank , Land Bank , Economic Development Cluster , European Union , National Economic , National Meat Inspection Service , National Food Authority , Secretary Carlos Dominguez , President Rodrigo Duterte , Gulf War , Secretary Karl Kendrick Chua , Secretary Chua , Accelerate Rice Competitiveness Enhancement Fund , Strategic Investment Priority Plan , Finance Secretary Carlos Dominguez Iii Manila Has Assured President Rodrigo Duterte That The Impact Of Current Russia Ukraine Crisis On Philippines Would Only Be Temporary , Nda Comprehensive Set Of Measures Are Now Being Implemented To Ease Its Impact On The Economy And People Dominguez Said That Despite Negative Repercussions Crisis In Form Increased Energy Food Prices , E Is Confident That The Government Will Be Able To Keep Inflation Within Target Range Of 2 4 Percent And Attain Its Goal Expanding Economy Between 7 9 This Year Quoti Would Like Emphasize We Do Not Expect Crisis Last Very Long However , Here May Be Some Lingering Effects We Have Seen Similar Crises In The Past , Uch As In The Gulf War 1990 , He Oil Price Shock Of 2008 ,