Marcos Admin Lays Out Next Phase of Economic Reforms

President Ferdinand Marcos Jr. outlined a new phase of economic reforms this week, emphasizing job creation, infrastructure investment, and digital transformation as the administration’s core priorities heading into the next legislative session.

“We are committed to a Philippines where growth reaches every province, every family.”

— President Ferdinand Marcos Jr.

Economic managers said the measures build on existing programs while introducing new incentives aimed at attracting foreign direct investment and supporting small businesses.

Officials from the Department of Finance said the reforms would be rolled out in phases over the coming year, with the first set of measures focused on streamlining business registration and permitting.

Background

The announcement comes amid continued discussion in Congress over the national budget and its allocation toward infrastructure and social programs.