Aquino administration performing well, says Palace

September 22, 2010 10:09 am 

MANILA, Sept. 21 — Barely three months after assuming office, the Aquino administration is taking pride in the fact that it has reinvigorated confidence in government as can be gleaned from the positive signs of economic recovery.

In a news briefing in Malacanang this morning, Presidential Spokesperson Edwin Lacierda refuted claims by critics that the administration of President Benigno S. Aquino III is running the country like a student government.

"Certainly, we would say that we are performing well, that we are doing the best we can and so it does not appear like we are a student body running this country, like a student council," he said.

Lacierda said the Aquino administration has brought back the confidence of the global financial community with its avowed determination to get rid of corruption, propel economic engine to prosperity and achieve political stability.

He cited the success of the first ever peso global bond float, the confidence of the stock market and the renewed interest of the foreign businessmen to invest in the Philippines as signs that the Aquino administration is performing well.

Lacierda clarified that in President Aquino's first State of the Nation Address (SONA) last July, he already revealed his administration priorities especially in poverty alleviation and eradicating graft and corruption.

He noted that in the 2010 proposed national budget submitted to Congress the President devoted much of the budget to social services.

"So this government really knows its priorities," Lacierda said noting how early in this administration the Philippine Stock Market index last week closed at 3,972.60, so far the highest in the Philippine Stock Exchange's history. (PNA) LOR/PCOO/ssc


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