Philippine's Dominguez Says Infrastructure to Boost GDP

The video discusses the increase in spending as a percentage of GDP, highlighting infrastructure programs and future economic growth. It addresses the pressure on the Philippine Peso and the dynamics of imports and exports, emphasizing investment-led purchases. The video also covers the government's spending plan, including free tuition, and the progress of a tax reform bill in Congress, which aims to reduce income tax rates and increase excise taxes.

What is the projected spending as a percentage of GDP in the coming years?

• 10% to 11%

• 2.5% to 3%

• 7% to 8%

• 5% to 6%

How is the Philippine Peso performing in the current economic climate?

• At an all-time high

• Fluctuating without a clear trend

• Stable and strong

• Under pressure at an 11-year low

What is the nature of the current imports in the Philippines?

• Primarily luxury goods

• Mostly agricultural products

• Consumption-led purchases

• Investment-led purchases

What is included in the government's spending plan?

• Subsidized housing

• Free tuition

• Tax rebates

• Free healthcare

What is the status of the tax reform bill?

• Passed by the House and now in the Senate

• Stuck in the House of Representatives

• Passed by the Senate

• Rejected by both houses