STATE OF THE NATION ADDRESS OF PRESIDENT GLORIA MACAPAGAL-ARROYO DURING THE 2ND REGULAR SESSION OF THE 14TH CONGRESS OF THE REPUBLIC OF THE PHILIPPINES

President Gloria Arroyo stated her yearly SONA last July 28, 2008.
“Lalong lumakas ang tiwala ng mga investor dahil sa VAT. Mula P56.50 kada dolyar, lumakas ang piso hanggang P40.20 bago bumalik sa P44 dahil sa mga pabigat ng pangdaigdigang ekonomiya.”

**In this statement of President Gloria Arroyo, we can see that peso is in good condition compared to the previous year. If this will continue, for sure several investments will come and of course several jobs for Filipino people.

“Noong Hunyo, nagpalabas tayo ng apat na bilyong piso mula sa VAT sa langis-dalawang bilyong pambayad ng koryente ng apat na milyong mahihirap, isang bilyon para college scholarship o pautang sa 70,000 na estudyanteng maralita; kalahating bilyong pautang upang palitan ng mas matipid na LPG, CNG o biofuel ang motor ng libu-libong jeepney; at kalahating bilyong pampalit sa fluorescent sa mga pampublikong lugar.”

**Through these things, Filipinos will benefit a lot especially the poor. The payments for electricity will be reduced, several youth will be given the chance to go to school, and it will lessen the burden of the people when it comes to economic expenses.

“Ginagawa nating labor-intensive ang paggawa at pag-ayos ng kalsada at patubig. Noong SONA ng 2001, naglunsad tayo sa NCR ng patrabaho para sa 20,000 na out of school youth, na tinawag OYSTER. Ngayon, mahigit 20,000 ang ineempleyo ng OYSTER sa buong bansa. In disaster-stricken areas, we have a cash-for-work program.”

**The number of unemployed Filipino will decrease. Several out of school youth will have a better future and in their young age, they will learn to earn a living, this might help them to become a responsible and independent person someday. These programs will not just provide jobs for the people, but will provide them a better life.


......It's better than late, than never......