To address the continued soaring of food and fuel prices, President Gloria Macapagal-Arroyo said the government is stepping up investments in the three E’s — meaning economy, education and environment. This is to lessen the impact of the global economic crunch on the Filipino masses.
She said the government is doing everything possible to put food on the table, and create job and livelihood opportunities by investing heavily on the three E’s.
Increased investments in the three primary sectors have been made possible because of the country’s strong, fiscal reform-driven economy, she said.
She also pointed out that last year the country’s economy registered a 7.3 percent growth, the highest in 30 years. But despite the flourishing economy, the government will not rest in its quest for a better future for the Filipinos and to provide ways and means for them to rise above their present situations, she added.
She also stressed that the country has adequate supply of rice, adding that the government will pursue three measures, namely ensure steady supply, proper distribution of the staple food, and a relentless crackdown on illegal traders. (PIA/Bohol)
