Arsenio Balisacan

Arsenio Balisacan is the Secretary of the Department of Economy, Planning, and Development (DEPDev) in the Philippines, playing a key role in shaping economic policies and development plans. He has emphasized the need for diversifying the economy and addressing structural constraints to achieve high-income status by 2050. Balisacan collaborates with various departments to streamline investments and enhance service delivery, aiming to reduce poverty and unemployment while improving public services.

This is an AI-generated summary based on recent coverage.
Last updated at August 2, 2025.

Recent stories about Arsenio Balisacan

DEPDev: PH high-income goal delayed to 2050

The Philippines' goal of becoming a high-income economy by 2040 is no longer feasible at current growth rates, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan.
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Marcos lauds World Bank CPF aligning with PH goals

President Ferdinand R. Marcos Jr. praised the launch of the World Bank Group's Country Partnership Framework (CPF) for fiscal years 2026 to 2031, which aligns with his government's development agenda.
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Philippines on track for high-income status with 7% GDP growth potential

The World Bank released a report highlighting the Philippines' impressive economic growth over the past 15 years, noting the country's potential to reach an annual GDP growth rate of nearly 7% and join the ranks of high-income countries within 25 years.
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Philippine growth forecast revised downward due to global uncertainties

The Philippine economic team revised its growth forecasts for this year and the next three years due to heightened global uncertainties, including escalating tensions in the Middle East and potential US tariffs.
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Congress passes seven out of 40 priority bills under CLA

The 19th Congress passed 40 out of the 64 priority bills under the Common Legislative Agenda (CLA), marking a record high since the 10th Congress during the Ramos administration.
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Marcos extends Maynilad, Manila Water concessions by 10 years

President Marcos approved the extension of Maynilad Water Services Inc.'s and Manila Water Company Inc.'s water concession agreements by 10 years until January 21, 2047, generating an estimated P50.3 billion in government revenues.
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Marcos retains key officials in third recalib phase

President Ferdinand 'Bongbong' Marcos Jr. has retained several Cabinet secretaries and agency heads in a third phase of his administration's recalibration process.
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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.
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MBC, PCCI back Marcos Jr.'s retention of economic team

The Makati Business Club (MBC) and Philippine Chamber of Commerce and Industry (PCCI) expressed support for President Ferdinand Marcos Jr.'s decision to retain his economic team following the call for courtesy resignations.
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Philippine economic team resigns after president's 'bold reset' call

Most members of the Philippine economic team and related departments are set to resign following President Ferdinand Marcos Jr.'s call for a 'bold reset' of the Cabinet.
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