CONTROLLING INFLATION

Marcos proposes to address the high prices of food by strengthening the agriculture sector — from crops to livestock, to fisheries — with the end goal of providing a “secure and strategic food supply” for the Philippines.
Research and development in farming and food production will be a priority as well as providing production loans to farmers, mechanizing farming processes to maximize efficiency, and establishing public post-production facilities that farmer cooperatives can manage.
Setting up more “modern bagsakan/bulungan or trading posts” where consumers could directly buy from producers like farmers at an affordable price is also part of the UniTeam tandem’s agenda.
Marcos wants to revive the oil price stabilization fund as a means to cushion the impact of the continuous rise in oil prices on the economy and the inflationary effects of “prolonged high oil prices.” While Marcos initially called for an excise tax suspension for oil companies he later backtracked and pushed for subsidies instead.