President Ferdinand Marcos Jr. has "remodeled" and made "structural changes" to the Philippine economy and government institutions to spur sustainable progress.

"We had to readjust our fiscal, monetary, and spending policies to move away from the Covid economy," Marcos said in an interview with reporters who covered his Japan trip.

He revealed changes in the tax structure, fiscal and monetary policies, and improvements in the ease of doing business as early signs of positive impact.

Mr. Marcos added that tax reforms and revamps in government agencies are already underway, with their full impact expected to be felt next year.

"Those structural changes should start to, well, they already have, but they will even have a greater effect in 2024 than they did in 2023," Marcos added.

He expressed confidence that he has hired the most qualified individuals for his Cabinet this year.

"Equally important, we are beginning to find the best people for each of those positions," he said.

The President added that tax reforms and revamps in government agencies are already underway, with their full impact expected to be felt next year.

As for his outlook for 2024, Marcos reiterated his long-term goals for government modernization and adapting to the new economic landscape.

"It doesn't really change that we will continue to modernize. Some of our government structures are becoming quite obsolete. We continue to be responsive to the new economy, that we position ourselves properly," Marcos said.

Acknowledging public impatience, Marcos pledged to maintain a proactive approach, urging his administration to "keep pushing and pushing and pushing to attain the goals" to see the results of this year's changes.