The VNRs aim to facilitate the sharing of experiences, including successes, challenges and lessons learned, with a view to accelerating the implementation of the 2030 Agenda. The VNRs also seek to strengthen policies and institutions of governments and to mobilize multi-stakeholder support and partnerships for the implementation of the Sustainable Development Goals.
2018 is a milestone year for the National Economic and Development Authority as we celebrate our 45th Founding Anniversary. Significantly, if we will trace our roots to the National Economic Council, our predecessor agency which was established in 1935, this would mean that our role in national growth and development has been in place for 83 years. Since then, our influence towards nation building has become more relevant, responsive, and people-centered.
This booklet highlights NEDA’s 45 years of unwavering service to the Filipino people. Through the years, as the country’s premier socioeconomic and development planning body, NEDA’s role in steering the Philippine economy has always remained relevant. And moving forward, the public can count on its steadfast effort in ensuring stability, enriching reforms, and sharpening strategies – all these towards making sure that the Filipino people will be in the heart of the government’s plans and projects.
The challenge of development planning is one of balance. It is a matter of meeting what we call the “change challenge” while continuing the “sustainability challenge.” And while sweeping reforms and stable policies are both essential in maintaining growth and pursuing progress, there are times when we feel as if we are being pulled in opposite directions – do we shake things up or do we continue doing what works? Fortunately, the National Economic and Development Authority (NEDA) is guided by the vision of a prosperous, predominantly middle-class country by 2040.
The Philippine Development Plan (PDP) 2017-2022 promises to lay down the foundation for inclusive growth, a high-trust and resilient society, and a globally-competitive knowledge economy. A year after the approval of the PDP 2017-2022, we have witnessed significant milestones in the thematic areas deemed critical in our pursuit of the AmBisyon Natin 2040. The Socioeconomic Report 2017 features the major groundwork laid down in 2017, along with the recommended priority strategies for 2018 and 2019.
This abridged version of the Philippine Development Plan (PDP) 2017-2022 follows the same outline of the full version of the Plan…
Since embarking on a program of inclusive growth and poverty reduction, the Philippines has gradually become one of the best-performing economies in Asia.
Keeping the 6.3 percent gross domestic product (GDP) growth rate has put us on the higher growth trajectory. The country’s focus on responsible public spending; and maintaining a low and stable inflation1, protected our economy against disruptions caused by natural calamities and the global business cycle. This contributed to the significant increase in the average annual family income2 by 2015.
Moreover, the emphasis on good governance and respect for the rule of law has paid off with the unprecedented level of confidence in the country as an investment and travel destination. The generally stable political environment has been conducive to sustained economic growth and peaceful political transitions.
Republic Act (RA) No. 8182, also known as the ODA Act of 1996, as amended by RA 8555, mandated NEDA to conduct an annual review of the status of all projects financed by ODA and identify causes of implementation and completion delays or reasons for bottlenecks, cost overruns (actual and prospective), and continued project or program viability. The NEDA is required to submit to Congress a report on the outcome of the review not later than June 30 of each year. The ODA Act complemented NEDA Board Resolution No. 30 series of 1992, which instructed the NEDA Investment Coordination Committee (ICC) to review all on-going ODA-funded programs and projects, with the aim of improving ODA absorptive capacity.
Vision 2040 Public Consultations: Discussions with the Filipino Youth Vision 2040 is a statement of where Filipinos aspire to be in 25 years. It is a set of goals identified by the public, for themselves, their children, their community, and the country. This vision, once articulated, shall eventually set the direction for government policy. Filipinos continue reading : Vision 2040: The Filipino
The Philippine Development Plan (PDP) 2017-2022 is the first medium-term plan to be anchored on the 0-10 point Socioeconomic Agenda and is geared towards the Ambisyon Natin 2040 which articulates the Filipino people’s collective vision of a MATATAG, MAGINHAWA, AT PANATAG NA BUHAY PARA SA LAHAT. It also takes into account the country’s international commitments continue reading : Philippine Development Plan 2017-2022
The year 2016 marked a period of transition as we witnessed the end of an administration and ushered in the beginning of a new one. Amid this change, NEDA remained resolute in the performance of its mandate and continued to build on the gains and faced the challenges that emerged by ensuring stability, enriching reforms, continue reading : Annual Report 2016: Ensuring stability, enriching reforms, sharpening strategies for inclusive growth
In 2015, the Philippines through the Aquino administration, continued its pursuit of inclusive growth through transparent and responsive governance, increased infrastructure investment, improved social services, and a stable macroeconomic environment, among others. The country sought to meet its targets amid external and domestic shocks that threatened its progress. This Report provides details of the country’s socioeconomic performance in 2015 and how it can achieve higher and more inclusive growth in 2016 and the coming years.
In 2015, NEDA continued to lead the coordination of development initiatives across the entire government that helped steer the economy and strengthened structural reforms in the country. This is by pursuing sound economic development management and effective leadership management and innovation. The Agency has been providing six major services to achieve sound economic and development management: (a) development planning; (b) investment programming; (c) continue reading : Annual Report 2015: Steering the Economy, Solidifying Structural Reforms
The Philippines is a net exporter of services due to a strong IT-BPM sector. As companies increasingly move some of their operations and production or manufacturing processes to other countries, such as the Philippines, more Filipino micro, small, and medium enterprises (MSMEs) are drawn into the global value chain. This creates more employment and business continue reading : The Philippine Services Sector and APEC
Click here to download a PDF copy of the Statement adopted by the Structural Reform Ministers at the SRMM in Cebu (7-8 September).