President Ferdinand Marcos Jr. reaffirmed his commitment to investing in the future of Filipinos as he emphasized that a well-trained workforce is the Philippines’ biggest “asset” while managing the national debt.
In the BBM Podcast Episode 3, which aired on Wednesday, President Marcos also said that his administration’s anti-corruption campaign would contribute to managing the public debt, which stood at P17.27-trillion as of June.
The President likened running the government to operating a business that incurs debts alongside earnings in order to invest in expansion.
“The debt is used to invest in the expansion of the business, to improve it. Let us not only focus on the trillion,” President Marcos said.
“It’s not an absolute number. Like any corporation, there’s a balance sheet. The balance sheet has assets and liabilities. When one looks only at the debt, the liabilities, one must also look at the asset,” he continued.
“Our asset has increased. To me, our biggest asset is the Filipinos—the Filipino workforce,” President Marcos emphasized.
Investing in training will help Filipino workers secure not only ordinary jobs but more competitive positions, the Chief Executive said.
President Marcos also said his administration’s anti-corruption campaign will aid in managing the national debt by ensuring funds will finance vital projects.
“As long as the resources of the Philippines are being used appropriately… If we are really strict and use our funds correctly, we will have enough,” he said.
Last Friday, Malacañang commended the Bureau of Customs (BOC) for generating P84.5 billion in revenues, which is P140 million more than its target of P84.4 billion for July.
