The NEDA chief said the first-quarter 6.4 percent economic growth is the highest in a non-election year since the 6.6 percent gin the second quarter of 1996.
"This gives us a level of comfort that we will be able to reach the high end of the five to six percent growth assumption for 2012," Balisacan said, citing the role of agro-industry in ensuring inclusive growth.
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To develop the country's agro-industry potential, the agriculture and fisheries sector is being supported by efficient value chains and well integrated into the domestic and international markets," he said.
Besides agriculture, the government also is working towards globally competitive and innovative industry and service sectors through the creation of a better business environment, improved productivity and efficiency, as well as enhanced consumer welfare, the NEDA chief said.
"Our policies and programs are focused on key areas that generate high quality jobs, as well as those that substantially reduce the cost of doing business. These policies and programs are aimed at further developing the sectors of tourism, BPO, housing, agribusiness, logistics, ship building, infrastructure and high-potential industries," he said.