• 27th Aug 14

    Statement of Sec. Balisacan on the 2014 Q2 Performance of the Philippine Economy

    Members of the media, our colleagues in the government, ladies and gentlemen, good morning. I am pleased to report to you that economic growth accelerated to 6.4 percent in the second quarter of 2014.  This higher growth rate, coming from a high base a year ago shows that the economy is back on the higher trajectory of growth registered in 2012 and 2013 and bodes well for economic growth for the rest of 2014.  We remain as one of...

  • 25th Aug 14

    Lower inbound shipments of capital goods pull down imports in June 2014

    MANILA – Lower inbound shipments of capital goods pulled down merchandise imports, offsetting year-on-year gains in mineral fuels and lubricants, raw materials and intermediate goods and consumer goods in June 2014, according to the National Economic and Development Authority (NEDA). The value of imported capital goods recorded a 27.2 percent decline, from US$1.4 billion in June 2013 to US$1.0 billion in June 2014. This marked its fifth consecutive month of contraction since February 2014. “Efforts should be firmed up...

  • 19th Aug 14

    Presentation of Sec. Balisacan for the 2014 Human Development Report & 5th PHL Progress Report on the MDGs Launch (As read by National Statistician Lisa Grace Bersales)

    The Philippines: Human Development Index Ranking and Progress in Achieving the Millennium Development Goals Economic Planning Sec. Arsenio M. Balisacan National Launch and Press Conference of the 2014 Human Development Report and 5th PHL Progress Report on the MDGs (As read by National Statistician Lisa Grace Bersales) 20 August 2014 Crowne Plaza Manila Galleria Mr. Maurice Dewulf, Country Director, United Nations Development Programme; Ms. Luiza Carvalho, United Nations Resident Coordinator and Resident Representative of the UNDP; Professor Emmanuel De...

Plans and Reports

The Philippine Development Plan 2011-2016 Midterm Update

The PDP Midterm Update realigns the government’s strategies to craft and implement concrete solutions to the country’s problems, and speed up the creation of high quality jobs, reduce poverty and achieve inclusive growth.It specifies indicators of efficiency and effectiveness to measure success, and is committed to quality-of-life targets such as creating the conditions for productive and remunerative work and improving overall well-being. Beyond income poverty, the Plan views poverty as deprivation in multiple dimensions, and thus approaches poverty reduction as also ensuring people’s access to health, education, water, sanitation, and secure shelter, among others. Read more