President Benigno S. Aquino III (PNoy) today delivered the first State of the Nation Address of his administration at the Session Hall of the House of Representatives in Quezon City. In his speech before the first Joint Regular Session of 15th Congress of the Republic of the Philippines, PNoy questioned a number of transactions made by the previous administration that have caused a yawning budget deficit and now serves as the major hurdle to current efforts to turn the state of the country around.
PNoy revealed a number of initiatives that his administration intends to pursue to help improve the economic situation of the country, including infrastructure projects that would be completed with little to no cost to the government through public-private partnerships.
PNoy also pledged that his administration would hold itself to a higher standard of transparency and accountability while enumerating a raft of priority legislative measures that would help enhance the investment and economic climate in the Philippines and stamp out corruption and criminality.
Meanwhile, Pulse Asia reported that its latest survey results indicate that nearly 9 out of 10 Filipinos, or 85% out of all respondents surveyed, trust the president. This gives PNoy the highest trust rating ever recorded for a sitting president since Pulse Asia started conducting such polls in 1999.