FOR economists, President Ferdinand R. Marcos Jr., is in the right direction as he steers the country, prioritizing utilities, infrastructure and agriculture.

They said that this is expected to further boost economic growth.

"My assessment is that overall, I think BBM has performed well, good," according to University of Asia and the Pacific economist Victor Abola.

"For water, we are fortunate that the Kaliwa Dam construction is going on and gaining traction," he added.

The New Centennial Water Source-Kaliwa Dam Project, is expected to be operational come 2027.

It is said to help generate some 600 million liters of water per day.

Abola noted that aside from water, the Marcos administration is doing well in ramping up infrastructure spending.

"Infrastructure spending is, and will continue to be, 5 percent of GDP (gross domestic product) during this year. Now, take note that infrastructure spending and when done by the private sector, that is PPP (Public-Private Partnership) basis, is not included under public construction," he said. 

"So the 5 percent is like the minimum. And we have, you see, some of the projects that are very large under PPP," he added.

Also, Abola noted that in agriculture, the president ordered that the Department of Agriculture and National Irrigation Administration to ramp up the efforts to rebuild irrigation systems and ensure stable rice supply.

"I think that PBBM is generally positive for the economic growth of the country," he said.