Marcos to Unveil Growth Plans as Philippines Faces Risks Ahead of 2028 Elections

Philippine President Ferdinand Marcos Jr. will unveil plans to boost growth in his annual speech to Congress, focusing on welfare and infrastructure programs amid economic and political risks. The speech comes after Marcos secured a modest tariff cut with US President Donald Trump and returns from his single six-year term. Marcos faces challenges after his allies performed poorly in the midterm elections and Vice President Sara Duterte is now free of the threat of an impeachment trial.

Philippine President Ferdinand Marcos Jr. will deliver his annual speech to Congress on July 02, 2025, with a focus on boosting economic growth through welfare and infrastructure programs. The speech comes after Marcos secured a modest tariff cut with U.S. President Donald Trump and returns from his single six-year term. Marcos faces significant challenges, including poor midterm election results for his allies and the absence of impeachment threats against Vice President Sara Duterte.

Marcos's speech will likely emphasize the importance of addressing economic and political risks. The tariff cut with the U.S. is expected to ease trade tensions and boost economic ties between the two nations. The agreement, which reduces the Philippines' tariff rate to 19% from a threatened 20%, is a step towards strengthening economic cooperation [1].

In his speech, Marcos is anticipated to outline his plans to end hunger by 2027 through the "Walang Gutom 2027" program. This program aims to provide food grants to 750,000 "food-poor" families, a significant reduction from the initial target of 1 million families [4]. The program, designed in collaboration with the World Food Program, Asian Development Bank, and French Development Agency, seeks to not only end hunger but also improve the nutritional quality of food provided.

Marcos is also expected to discuss infrastructure development, a key area for growth. His administration has been focusing on modernizing the country's infrastructure, including support for the military and joint exercises with the U.S. These efforts are aimed at strengthening the Philippines' defense capabilities and enhancing regional security [2].

The speech will likely address the ongoing challenges in the Philippines, including the need to balance relationships with the U.S. and China. Marcos has stated that the Philippines' foreign policy is independent and that the U.S. remains its strongest partner [3]. The U.S., however, has endeavored to keep communication open with China, agreeing to explore areas of potential cooperation and manage differences [3].

Marcos's speech will be closely watched by investors and financial professionals, who will be looking for concrete plans and commitments to boost the Philippine economy. The success of his policies will depend on his ability to navigate the complex political and economic landscape and secure the necessary support from Congress and other stakeholders.

References:
[1] https://www.mercurynews.com/2025/07/22/trump-hosts-philippine-leader-marcos/
[2] https://www.facebook.com/groups/GisingNaPiipinas/posts/24058867590443934/
[3] https://www.republicworld.com/world-news/trump-confirms-philippines-trade-deal-with-19-tariff-praises-filipino-president-marcos-jr
[4] https://newsinfo.inquirer.net/2086941/ending-hunger-by-2027-how-far-has-marcos-food-stamp-program-come