Duterte orders implementation of medium-term dev’t plan
Philippine Daily Inquirer
12:53 AM June 03, 2017
http://business.inquirer.net/
President Duterte has ordered all government agencies to implement the administration’s medium-term development plan and take it into utmost consideration when pitching their annual budgets.
EO 27 directed all government agencies, state-run firms and local government units to “adopt and disseminate the PDP 2017-2022 and undertake efforts leading to its full implementation” as well as “align their budgetary and departmental/corporate programs with the strategies and activities identified” in the plan.
The PDP 2017-2022 targets 7 to 8 percent gross domestic product (GDP) growth in the medium term by pursuing the Duterte administration’s 10-point socioeconomic agenda ultimately aimed at reducing the poverty incidence to 14 percent by 2022 from 21.6 percent in 2015.
As for job creation, the PDP 2017-2022 wanted to reduce unemployment to as low as 3-5 percent by 2022 from 5.5 percent last year.
PDP 2017-2022 is the first medium-term development plan anchored on the long-term vision dubbed “AmBisyon Natin 2040.”
Launched last year, AmBisyon Natin 2040 is aimed at tripling Filipinos’ per capita income to $11,000 in 24 years’ time by sustaining at least 6.5-percent annual GDP growth alongside the implementation of policies that would make the Philippines a high-income country by 2040.
A survey conducted early last year showed that the majority of Filipinos aspired for a “simple and comfortable life,” which Neda had said reflected middle-class lifestyle—earning enough, educating all children until college, owning a car, owning a medium-sized house, finding time to relax with family and friends, owning a business and being able to travel around the country.
