Marcos Jr. retains key Cabinet, incl. Bersamin

President Ferdinand R. Marcos Jr. has decided to retain Executive Secretary Lucas Bersamin and five other Cabinet secretaries as part of a major government shake-up.

Bersamin announced that his courtesy resignation was not accepted, indicating the President's full trust in him and his team.

The retained officials include Trade Secretary Maria Cristina Roque, Finance Secretary Ralph Recto, Budget Secretary Amenah Pangandaman, Economic Planning and Development Secretary Arsenio Balisacan, and Special Assistant to the President for Investments and Economic Affairs Frederick Go.

Pangandaman expressed gratitude for the continued trust and support from the President, vowing to push for reforms aimed at achieving an inclusive and sustainable economic transformation.

Recto thanked the President for his continued trust, emphasizing the need to deliver results faster and ensure that every Filipino family feels the effects of progress.

The retained economic team aims to bring down the poverty rate to 9% by 2028 and reduce the country's debt-to-GDP ratio to below 60%, while also aiming for an economic growth rate of 6% to 8% between 2025 and 2028.

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