The government’s economic managers led by Finance Secretary Carlos Dominguez III will update economists and members of the regional financial community this week on the Philippines’ economic performance, developments in the fiscal sector and the status of the infrastructure program.
The event will be held at the Bangko Sentral ng Pilipinas Tuesday and will include updates on New Clark City, which is being developed by the government as the country’s next big metropolis and agro-industrial hub.
Joining Dominguez are Bangko Sentral Governor Nestor Espenilla Jr., SEeconomic Planning Secretary Ernesto Pernia, Budget Secretary Benjamin Diokno, Transportation Secretary Arthur Tugade, Public Works Secretary Mark Villar and Bases Conversion and Development Authority president Vivence Dizon.
Diokno will present the fiscal strategy and reforms in the budgeting system that the executive branch wants implemented to ensure prudent spending and prompt disbursement of public funds.
Espenilla, will discuss the BSP’s fiscal reforms and developments in the monetary and financial sector, while updates on the New Clark City project will be presented by Dizon.
Tugade and Villar will separately brief the participants about the status of the ‘Build, Build, Build’ program.