Free Nation?

Break Free from Poverty
by: Pres. Gloria Macapagal-Arroyo

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One hundred and ten years after we broke free of foreign bondage, we remember with deep gratitude our heroic forebears who paid the ultimate sacrifice on the altar of freedom so that we may live as a sovereign people.

The centuries-old struggle continues. Instead of colonizing powers, we must now protect our freedom and future as a nation from global economic storms and security threats.

The Philippines has built up a strong economy which is helping us meet the challenges of the global surge in the price of food and fuel. A strong and growing economy has been the central pillar we have labored to create to help guarantee peace, order and stability in our country. It is paying off: our economy reached its highest level of growth in 30 years last year, the peso is strong, and we are close to balancing our budget.

As a result of our economic comeback, we are able to invest in key sectors to cushion the harsh impact of rice and fuel on our poor. We are also able to continue to invest in necessary infrastructure like roads, bridges and education, to name a few. All the while, we are balancing these vital investments with a commitment to meet our fiscal obligations and balance the budget in 2010.

We have been working tirelessly to address challenges arising from the slowdown in the global economy combined with the spike in oil and food prices. The government is working to make sure that our food supplies remain stable and that we put food on the table for every Filipino.

In terms of oil, the high price of gasoline and everyday commodities hits our poor the hardest. While the high price of oil is a global issue and outside the control of government, we have introduced measures to lift the burden of our people.

However, no matter what actions we take, this is a global problem. We must work together to resolve this if there is going to be any long-lasting improvement.

It is important to acknowledge the important role that our international friends and allies have made to our national development. This includes the countries and organizations who are our development partners and the foreign investors who have become part of our business community and who have brought their technologies and capital to the Philippines.

You are a part of the Philippine economic success story. We are grateful for your contributions and your commitment to our nation and our people.

Be with us in our steadfast desire for the Philippines to break free from the bondage of poverty and to be able to join the first world in 20 years.


These are excerpts from the President’s speech during the reception for the 110th anniversary of Philippine independence at Malacanang Palace on June 12, 2008.