Some lawmakers from both the House of Representatives and the Senate have stressed that the Marcos administration's programs effectively averted further crisis by boosting employment, spurring economic growth and taming inflation even as Pinoys reel from global economic challenges.
In a statement, Aklan Second District Representative Teodorico Haresco Jr. said that under President Ferdinand Marcos Jr., employment rate soared to 95.8 percent — the highest in 18 years – even as the Philippine economy also posted a 5.9 percent GDP growth in the third quarter, the strongest among major Asian economies.
Haresco, member of the House Economic Affairs Committee, said that inflation had also cooled down from 4.9 percent in October to 4.1% in November, while unemployment declined from 4.5 percent last year to 4.2 percent this year.
"These are the unmistakable fruits of government policies to boost employment, spur economic growth and tame inflation," said Haresco, who is also a member of the House Labor and Employment Committee.
Meantime, Senator Francis Tolentino disclosed that the latest employment figures released by the Philippine Statistics Authority have also proven that the Marcos administration's initiatives are capable of ensuring a steady generation of quality jobs.
He added that accelerated government spending not only created jobs but also stimulated economies of where infrastructure projects are being built.
"These new public works are key to attracting investments and increasing productivity which in turn generate employment and taxes which in turn fund more infra construction," said Tolentino, who is a member of the Senate Labor, Employment and Human Resources Development Committee.
"This is the virtuous cycle in fiscal management the government has been practicing. Build Better More is also a jobs program," he added.