Palace
National

Palace explains Duterte’s “doldrums” economy

Presidential Spokesperson Harry Roque on Thursday, June 28, bared the reason behind President Rodrigo Duterte’s statement that the economy is in doldrums or in a state of depression.
 This was after Budget Secretary Ben Diokno countered the president by saying that hard facts show that the economy is doing well.
 President Rodrigo Duterte is pushing for a swifter action from government agencies that is implementing the Build, Build, Build Program.

The president is not satisfied with the slow progress of the infrastructure projects especially in the provinces.

According to Presidential Spokesperson, Harry Roque, “The President was expressing a preference that the Build, Build, Build projects in the provinces be implemented faster. He has also shown impatience that the major projects appear to be taking long, and that’s why it’s a message everyone to double time in their effort to begin and finish the major infrastructure projects that we have lined up. 

Roque bared that unless the projects will be implemented soon it will be impossible to see the results within the term of the president.

“Doldrums” means stagnation

Duterte earlier said that the economy is in “doldrums” which was countered by his budget secretary.

According to Budget Secretary Benjamin Diokno, hard facts would show that the economy is not in doldrums.

Last April this year, Finance Secretary Carlos Dominguez III bared 8 major bridges to be built that will connect the islands of Luzon, Visayas and Mindanao.

The 8 bridges are the 20 kilometer bridge that will connect Leyte to Mindanao through and underwater tunnel bridge, while the 5.7 kilometer Panay-Guimaras Bridge and the 12.3 kilometer Guimaras-Negros inter-island linkages will connect major islands in the Visayas Region.

More bridges will connect the islands of Visayas including the 1 kilometer Bohol-Lapinog Island, the 18 kilometer Lapinig Island to Leyte Bridge, the 5.5 kilometer Cebu-Negros link bridge and the 24.5 kilometer Cebu to Bohol Link Bridge.

1) 18.2-kilometer bridge to connect Samar provinces to the main island of Luzon
2) 20-kilometer bridge connecting Leyte to Mindanao through either an underwater tunnel bridge or a long-span overhead bridge
3) 5.7-kilometer Panay-Guimaras Bridge
4) 12.3-kilometer Guimaras-Negros inter-island linkages connecting these islands
5) 1-kilometer Bohol-Lapinig Island Bridge
6) 18.0- kilometer Lapinig Island-to-Leyte Bridge
7) 5.5-kilometer Cebu-Negros Link Bridge
8) 24.5-kilometer Cebu-to-Bohol Link Bridge
 Total Cost: P269.19-B

 The government will cost more than P250-B for the 8 major bridges to ensure that none of the major islands in Visayas will be left behind the country’s race to progress.

Hannah Jane Sancho

Leave a Reply

Your email address will not be published. Required fields are marked *