Please read the speech below and write your reaction about the speech (what can you say about it after reading) what the speech talk about We distributed more than one hundred thousand coconut seeds and planted nearly ten thousand hectares of land throughout the country.All these seeds are innovative, hybrid, and of high quality. With the increase in fuel and fertilizer prices, the fuel and fertilizer discountvouchers that we distributed to struggling farmers brought some relief. The fertilizer donations we received from China, we have given tothem immediately. One of the reasons for the price increase is smugglers, hoarders and those who manipulate the price of agriculturalproducts. We will pursue and sue them. Their work is simply not right and it is not compatible with our good cause. What they do is fraud.Not only the farmers are harmed, but also we the consumers. So we will not allow this trend. The days of those smugglers and hoardersare numbered. Infrastructure is essential to support the fourteen million hectares of farmland. We have prepared the Geo-Agri map ofthe country's farm-to-market roads to better connect farms to markets. In line with this, we have laid an additional six hundred kilometersof FMRs in different parts of the country. We have also provided irrigation to more than forty-nine thousand hectares of farmlandthroughout the Philippines. We have made nearly four thousand additional fabrication labs, production and cold storage facilities availableto all. With the help of Congress, we have been able to build twenty-four multi-species hatcheries to increase the production of fish. Weare alert to any threat of diseases and pests that may land on crops and livestock. We will soon have effective drugs and vaccines againstthem. Meanwhile, we are strengthening the bio-security levels of domestic animals as a defense against disease. We are also preparingfor the El Niño that is about to hit in the coming months. We have started preparations, and the buffer stocks and the irrigation equipmentare being prepared. If necessary, we will even do cloud-seeding to bring rain. Along with all this, we are also urging our people to savewater for widespread preparation against the threat of drought. As we promised, we continued the agrarian reform. This is an importantpillar of the agricultural sector that we are organizing. This past year, more than seventy thousand land titles were awarded to thebeneficiaries of the agrarian reform. It is right that we suspend the fees of the beneficiaries under our signed EO No. 4. One year sincemy first SONA, the new Agrarian Emancipation Act has been enacted. Because of this, the 57 billion pesos debt borne by more than sixhundred thousand beneficiaries has been completely erased. On behalf of these farmers and their families, many thanks again to ourlegislators. Water is just as important as food. We need to ensure that there is enough and clean water for everyone and futuregenerations. This includes the water we use for agriculture. Considering its fundamental importance, water security deserves a specialfocus. Our efforts must not be scattershot, but rather, cohesive, centralized, and systematic. So given that urgency, we have created theWater Resources Management Office to specifically handle the delicate job involving this most precious resource. We are contactingCongress to pass legislation for the creation of a Department of Water Resource Management. This year, we have allocated 14.6 billionpesos for water supply projects, which will benefit communities all over the country. Recently, the water supply of NCR and Rizal receiveda significant boost from the first phase of the Wawa Bulk Water Supply Project. The water supply will increase as the Project enters thesecond phase. We have installed six thousand rainwater collection systems across the country, in preparation for the looming dry spellbrought about by El Niño. One of the keys to continuing economic growth is infrastructure development. So, we will build better, andmore. Our 8.3-trillion peso "Build Better More" Program is currently in progress and being vigorously implemented.The entire country will benefit from one hundred and ninety-four projects under this Program. We don't just continue projects that havebeen started. We are expanding even further. Therefore, the one hundred and twenty-three projects here in the Build-Better-More gramare new. The flagship projects cover investments in the areas of physical connectivity, water resources, agriculture, health, digitalconnectivity, and energy. Physical connectivity infrastructure - such as roads, bridges, seaports, airports, and mass transport - accountsfor 83% of this program. Our infrastructure spending will stay at 5% to 6% of our GDP. The underlying logic to our infrastructuredevelopment is economic efficiency. We are opening up all gateways to mobilize goods and services at less cost and in less time, andultimately, to drive the economy forward. Our road network plans must link not only our 3 major islands, but all prospective sites ofeconomic development. The 1,200-kilometer Luzon Spine Expressway Network Program will effectively connect Ilocos to Bicol from 20hours to just 9 hours of travel. Under the Mega-Bridge Program, 12 bridges totaling 90 kilometers will be constructed, connecting islandsand areas separated by waters. The Program notably includes the Bataan-Cavite Interlink Bridge [applause] and the Panay-Guimaras-Negros Island Bridges, each spanning 32 kilometers, and also the Samal Island-Davao City Connector Bridge. As of June this year, wehave constructed, maintained, and upgraded more than 4,000 kilometers of roads and around 500 bridges across the country. Crucialairport and port development projects across the country have also been completed, including Cebu's Pier 88 smart port, and the newpassenger terminal buildings of Clark Airport and the Port of Calapan. We initiated several railway projects, with a total length of morethan 1,000 kilometers. Notably, the southern leg of the North-South Commuter Railway System is now in full swing. In a few years, travelfrom Pampanga to Laguna will be reduced from 4 hours to just 2. Inter-modal connectivity will also be a primary consideration. Roads,bridges and mass transport systems will be interconnected. This network will provide access and passage to vital and bustling economicmarkets, such as agriculture hubs, tourism sites, and key business districts. For strategic financing, some of the nation's high-priorityprojects can now look to the newly established Maharlika Investment Fund, without the added debt burden. In pooling a small fraction ofthe considerable but underutilized government funds, the Fund shall be used to make high-impact and profitable investments, such asthe Build-Better-More program. The gains from the Fund shall be reinvested into the country's economic well-being. To ensure soundfinancial management, a group of internationally recognized economic managers shall oversee the operations of the Fund, guided byprinciples of transparency and accountability. This guarantees that investment decisions will be based on financial considerations alone,absent any political influence. The funds for the social security and public health insurance of our people shall remain intact and separate.Owing to favorable market conditions, the price of crude oil has stabilized. Since last year, gasoline and diesel prices have gone downby 18% to 29%, respectively. We have built 8 new additional power plants. This brings to 17 the total number of power generation facilitiesthat have been switched on across the country since last year, substantially increasing our energy production by 1,174 megawatts.Alongside power generation, we are also as relentless in pursuing total electrification. Since my assumption into office, almost half amillion homes have been given access to electricity. One year ago today, I stood here before you, setting forth the plans that we have to improve our economy, bringjobs to our people, improve the ease of doing business, recalibrate our educational system to adapt to the neweconomy, lower and rationalize energy costs, boost agricultural production, enhance healthcare, and continuesocial programs for the poor and the vulnerable. Let me now report to the people on the successes that we cannow lay claim to, and also the challenges that we continue to face. Last year, we emphasized certain strongheadwinds that were confronting us along with the rest of the world in our post-pandemic economic recovery.And the biggest problem that we encountered was inflation. Many world events have disrupted the smoothrunning of the global market. Besides the war in Ukraine, there is the ongoing impact of the pandemic. This isexacerbated by the reduction in production by the countries where we get our oil. When its price increased, theprice of various commodities - gasoline, electricity, and food - followed suit. The increase in commodity prices inrecent months has been felt all over the world, including in the Philippines. We have carefully analyzed thesituation. With the help of our economists, we have formulated policies that will serve as the foundation of oureconomy for years to come. This is stated in our Medium-Term Fiscal Framework, which you supported inCongress. At the same time, the launch of strategies that will strengthen the capabilities of our countrymen andsectors of our economy. We have seen good results. While the global prospects were bleak, our economy posteda 7.6% growth in 2022 - our highest growth rate in 46 years. For the first quarter of this year, our growth hasregistered at 6.4%. It remains within our target of 6% to 7% for 2023. We are still considered to be among thefastest-growing economies in the Asian region and in the world. It is a testament to our strong macroeconomicfundamentals. Our financial system, the nerve center of our economy, remains strong and stable. Banks, thetransmission arms of our monetary policy, have strong capital and liquidity positions.Stimulated by the relaxation of pandemic restrictions, transactions once again have flourished - alongside thebooming e-commerce that was undeterred by the pandemic. In 2022, the digital economy contributed 2 trillionpesos, the equivalent of 9.4% of our GDP. The economy is revived and rejuvenated, backstopped by a favorableenabling environment and the strong rule of law. This year, the World Bank projects a 6% overall growth rate,well within the range of our target for the year. It is anchored on strong local demand, underpinned by consumerspending, and draws strength from the BPO industry, and of course, the steady flow of remittances, and thecontinuing jobs recovery. Inflation rate is moving in the right direction. From 8.7% in January, our inflation hascontinued to ease up in all regions, settling now at 5.4% for June. What this means is that in spite of all thedifficulties, we are transforming the economy. We are stabilizing the prices of all critical commodities. Accordingto the Bangko Sentral, inflation is expected to ease further by the close of the year, and projected at 2.9% by2024. On matters of the economy, there are many things over which we have no control. But over those wherewe do have control, we are doing everything we can. We are working hard to increase the production of oureconomy. We grow industries. We are increasing the infrastructure to speed up the flow of goods and services.Above all, we empower citizens to improve their lives. This is the culmination of our Philippine DevelopmentPlan. Investments in public infrastructure and in the capacity of our people through food, education, health,jobs, and social protection - remain our top priority.-For this year, economic and social services were allocated almost 70% of the national budget. Higher revenuecollections will be critical in our bid to bolster public investments. Under our fiscal framework, we envision ourtax and revenue efforts to further increase, to up to 16.9% and 17.3% by 2028. Revenue generation has improvedthis year. From January to May, the Bureau of Internal Revenue has posted record collections, amounting to1.05 trillion pesos, an increase of almost 10% over the last year. For its part, the Bureau of Customs has alsoincreased its collection by 7.4% for the first seven months of 2023, amounting to 476 billion pesos. Since July2022, we have seen increased revenues from PAGCOR of 47.9%, and from the PCSO of 20%. We thereforeseek once again the continued support of Congress to enact into law the policies and reforms under our fiscalframework. In recent months, we have seen a decline in commodity prices in various sectors. We have proventhat we can lower the price of rice, meat, fish, vegetables, and sugar. The KADIWA stores that we revived andlaunched are a big help. KADIWA's goal is to connect farmers and consumers. No one else intervenes. No extracosts and overlays. The farmer's income is good. Consumers also save money. With more than seven thousand

Question

Please read the speech below and write your reaction about the speech (what can you say about it after reading) what the speech talk about We distributed more than one hundred thousand coconut seeds and planted nearly ten thousand hectares of land throughout the country.All these seeds are innovative, hybrid, and of high quality. With the increase in fuel and fertilizer prices, the fuel and fertilizer discountvouchers that we distributed to struggling farmers brought some relief. The fertilizer donations we received from China, we have given tothem immediately. One of the reasons for the price increase is smugglers, hoarders and those who manipulate the price of agriculturalproducts. We will pursue and sue them. Their work is simply not right and it is not compatible with our good cause. What they do is fraud.Not only the farmers are harmed, but also we the consumers. So we will not allow this trend. The days of those smugglers and hoardersare numbered. Infrastructure is essential to support the fourteen million hectares of farmland. We have prepared the Geo-Agri map ofthe country's farm-to-market roads to better connect farms to markets. In line with this, we have laid an additional six hundred kilometersof FMRs in different parts of the country. We have also provided irrigation to more than forty-nine thousand hectares of farmlandthroughout the Philippines. We have made nearly four thousand additional fabrication labs, production and cold storage facilities availableto all. With the help of Congress, we have been able to build twenty-four multi-species hatcheries to increase the production of fish. Weare alert to any threat of diseases and pests that may land on crops and livestock. We will soon have effective drugs and vaccines againstthem. Meanwhile, we are strengthening the bio-security levels of domestic animals as a defense against disease. We are also preparingfor the El Niño that is about to hit in the coming months. We have started preparations, and the buffer stocks and the irrigation equipmentare being prepared. If necessary, we will even do cloud-seeding to bring rain. Along with all this, we are also urging our people to savewater for widespread preparation against the threat of drought. As we promised, we continued the agrarian reform. This is an importantpillar of the agricultural sector that we are organizing. This past year, more than seventy thousand land titles were awarded to thebeneficiaries of the agrarian reform. It is right that we suspend the fees of the beneficiaries under our signed EO No. 4. One year sincemy first SONA, the new Agrarian Emancipation Act has been enacted. Because of this, the 57 billion pesos debt borne by more than sixhundred thousand beneficiaries has been completely erased. On behalf of these farmers and their families, many thanks again to ourlegislators. Water is just as important as food. We need to ensure that there is enough and clean water for everyone and futuregenerations. This includes the water we use for agriculture. Considering its fundamental importance, water security deserves a specialfocus. Our efforts must not be scattershot, but rather, cohesive, centralized, and systematic. So given that urgency, we have created theWater Resources Management Office to specifically handle the delicate job involving this most precious resource. We are contactingCongress to pass legislation for the creation of a Department of Water Resource Management. This year, we have allocated 14.6 billionpesos for water supply projects, which will benefit communities all over the country. Recently, the water supply of NCR and Rizal receiveda significant boost from the first phase of the Wawa Bulk Water Supply Project. The water supply will increase as the Project enters thesecond phase. We have installed six thousand rainwater collection systems across the country, in preparation for the looming dry spellbrought about by El Niño. One of the keys to continuing economic growth is infrastructure development. So, we will build better, andmore. Our 8.3-trillion peso &#34;Build Better More&#34; Program is currently in progress and being vigorously implemented.The entire country will benefit from one hundred and ninety-four projects under this Program. We don't just continue projects that havebeen started. We are expanding even further. Therefore, the one hundred and twenty-three projects here in the Build-Better-More gramare new. The flagship projects cover investments in the areas of physical connectivity, water resources, agriculture, health, digitalconnectivity, and energy. Physical connectivity infrastructure - such as roads, bridges, seaports, airports, and mass transport - accountsfor 83% of this program. Our infrastructure spending will stay at 5% to 6% of our GDP. The underlying logic to our infrastructuredevelopment is economic efficiency. We are opening up all gateways to mobilize goods and services at less cost and in less time, andultimately, to drive the economy forward. Our road network plans must link not only our 3 major islands, but all prospective sites ofeconomic development. The 1,200-kilometer Luzon Spine Expressway Network Program will effectively connect Ilocos to Bicol from 20hours to just 9 hours of travel. Under the Mega-Bridge Program, 12 bridges totaling 90 kilometers will be constructed, connecting islandsand areas separated by waters. The Program notably includes the Bataan-Cavite Interlink Bridge [applause] and the Panay-Guimaras-Negros Island Bridges, each spanning 32 kilometers, and also the Samal Island-Davao City Connector Bridge. As of June this year, wehave constructed, maintained, and upgraded more than 4,000 kilometers of roads and around 500 bridges across the country. Crucialairport and port development projects across the country have also been completed, including Cebu's Pier 88 smart port, and the newpassenger terminal buildings of Clark Airport and the Port of Calapan. We initiated several railway projects, with a total length of morethan 1,000 kilometers. Notably, the southern leg of the North-South Commuter Railway System is now in full swing. In a few years, travelfrom Pampanga to Laguna will be reduced from 4 hours to just 2. Inter-modal connectivity will also be a primary consideration. Roads,bridges and mass transport systems will be interconnected. This network will provide access and passage to vital and bustling economicmarkets, such as agriculture hubs, tourism sites, and key business districts. For strategic financing, some of the nation's high-priorityprojects can now look to the newly established Maharlika Investment Fund, without the added debt burden. In pooling a small fraction ofthe considerable but underutilized government funds, the Fund shall be used to make high-impact and profitable investments, such asthe Build-Better-More program. The gains from the Fund shall be reinvested into the country's economic well-being. To ensure soundfinancial management, a group of internationally recognized economic managers shall oversee the operations of the Fund, guided byprinciples of transparency and accountability. This guarantees that investment decisions will be based on financial considerations alone,absent any political influence. The funds for the social security and public health insurance of our people shall remain intact and separate.Owing to favorable market conditions, the price of crude oil has stabilized. Since last year, gasoline and diesel prices have gone downby 18% to 29%, respectively. We have built 8 new additional power plants. This brings to 17 the total number of power generation facilitiesthat have been switched on across the country since last year, substantially increasing our energy production by 1,174 megawatts.Alongside power generation, we are also as relentless in pursuing total electrification. Since my assumption into office, almost half amillion homes have been given access to electricity. One year ago today, I stood here before you, setting forth the plans that we have to improve our economy, bringjobs to our people, improve the ease of doing business, recalibrate our educational system to adapt to the neweconomy, lower and rationalize energy costs, boost agricultural production, enhance healthcare, and continuesocial programs for the poor and the vulnerable. Let me now report to the people on the successes that we cannow lay claim to, and also the challenges that we continue to face. Last year, we emphasized certain strongheadwinds that were confronting us along with the rest of the world in our post-pandemic economic recovery.And the biggest problem that we encountered was inflation. Many world events have disrupted the smoothrunning of the global market. Besides the war in Ukraine, there is the ongoing impact of the pandemic. This isexacerbated by the reduction in production by the countries where we get our oil. When its price increased, theprice of various commodities - gasoline, electricity, and food - followed suit. The increase in commodity prices inrecent months has been felt all over the world, including in the Philippines. We have carefully analyzed thesituation. With the help of our economists, we have formulated policies that will serve as the foundation of oureconomy for years to come. This is stated in our Medium-Term Fiscal Framework, which you supported inCongress. At the same time, the launch of strategies that will strengthen the capabilities of our countrymen andsectors of our economy. We have seen good results. While the global prospects were bleak, our economy posteda 7.6% growth in 2022 - our highest growth rate in 46 years. For the first quarter of this year, our growth hasregistered at 6.4%. It remains within our target of 6% to 7% for 2023. We are still considered to be among thefastest-growing economies in the Asian region and in the world. It is a testament to our strong macroeconomicfundamentals. Our financial system, the nerve center of our economy, remains strong and stable. Banks, thetransmission arms of our monetary policy, have strong capital and liquidity positions.Stimulated by the relaxation of pandemic restrictions, transactions once again have flourished - alongside thebooming e-commerce that was undeterred by the pandemic. In 2022, the digital economy contributed 2 trillionpesos, the equivalent of 9.4% of our GDP. The economy is revived and rejuvenated, backstopped by a favorableenabling environment and the strong rule of law. This year, the World Bank projects a 6% overall growth rate,well within the range of our target for the year. It is anchored on strong local demand, underpinned by consumerspending, and draws strength from the BPO industry, and of course, the steady flow of remittances, and thecontinuing jobs recovery. Inflation rate is moving in the right direction. From 8.7% in January, our inflation hascontinued to ease up in all regions, settling now at 5.4% for June. What this means is that in spite of all thedifficulties, we are transforming the economy. We are stabilizing the prices of all critical commodities. Accordingto the Bangko Sentral, inflation is expected to ease further by the close of the year, and projected at 2.9% by2024. On matters of the economy, there are many things over which we have no control. But over those wherewe do have control, we are doing everything we can. We are working hard to increase the production of oureconomy. We grow industries. We are increasing the infrastructure to speed up the flow of goods and services.Above all, we empower citizens to improve their lives. This is the culmination of our Philippine DevelopmentPlan. Investments in public infrastructure and in the capacity of our people through food, education, health,jobs, and social protection - remain our top priority.-For this year, economic and social services were allocated almost 70% of the national budget. Higher revenuecollections will be critical in our bid to bolster public investments. Under our fiscal framework, we envision ourtax and revenue efforts to further increase, to up to 16.9% and 17.3% by 2028. Revenue generation has improvedthis year. From January to May, the Bureau of Internal Revenue has posted record collections, amounting to1.05 trillion pesos, an increase of almost 10% over the last year. For its part, the Bureau of Customs has alsoincreased its collection by 7.4% for the first seven months of 2023, amounting to 476 billion pesos. Since July2022, we have seen increased revenues from PAGCOR of 47.9%, and from the PCSO of 20%. We thereforeseek once again the continued support of Congress to enact into law the policies and reforms under our fiscalframework. In recent months, we have seen a decline in commodity prices in various sectors. We have proventhat we can lower the price of rice, meat, fish, vegetables, and sugar. The KADIWA stores that we revived andlaunched are a big help. KADIWA's goal is to connect farmers and consumers. No one else intervenes. No extracosts and overlays. The farmer's income is good. Consumers also save money. With more than seven thousand

Accepted Answer

It appears to be a State of the Nation Address (SONA) delivered by a national leader, most likely…