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To control the budget deficit and collecting taxes vigorously, We implemented expanded value
added tax eVAT Law under my term.
The tax measure boosted confidence in the government's fiscal capacity and helped to
strengthen the Philippine peso, making it East Asia's best performing currency in 200506.
[21]
The peso strengthened by nearly 20% in 2007, making it by far Asia's best performing
currency for the year, a fact attributed to a combination of increased remittances from overseas
Filipino workers and a strong domestic economy.[22]
And lastly we have higher economic growth than the past 3 presidents term did, Philippine
economy grew at its fastest in decades in 2007 GDP exceeding 7% growth . Amid the 2008
global financial crisis, the Philippines still had the impressive GDP growth and it was so hard to
keep it afloat but I did.
For those who want to pick up old fights, were game but what a waste of time. Why not join
hands instead? Join hands in the biggest challenge of all, where we all win or we all lose: the
battle for the survival and progress of our one and only country.
I shall relinquish the Presidency, with much if not all that I have outlined completed. I do not
want it said then that, in the end, I defeated my enemies. I would rather have it said that all of
us, you and I, friends and foes today, achieved together a country progressive, prosperous, and
united.
Thank you. Mabuhay!