PS 150: PDP
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adopted by all UN Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.
sustainable development goals
it serves as the country’s overall blueprint in development planning for the next 6 years.
The Philippine Development Plan 2023-2028
What is the overall goal of PDP 2023-2028?
The PDP aims to reinvigorate job creation and accelerate poverty reduction by steering the Philippine economy back to its high-growth trajectory and effect economic and social transformation for a prosperous, inclusive, and resilient society.
BBM’s 8 point economic agenda
-Protect purchasing power and mitigate socioeconomic scarring -Reduce vulnerability and mitigate scarring from the Covid-19 pandemic -Ensure sound macroeconomic fundamentals -Create more jobs -Create quality jobs -Create green jobs -Uphold public order and safety, peace and security -Ensure a level playing field
Through the __________, the Marcos administration aims to bring down poverty to 9 percent by the end of his six-year term and bring the Philippines to “upper-middle income” status by 2028.
8-point socioeconomic agenda
What are the goals and targets of the Plan?
• Maintain economic growth rate between 6.0% to 7.0% in 2023 • Create more, better, and more resilient jobs. • Keep food and overall prices low and stable. • Enforce fiscal discipline. • Transform the production sectors through innovation. • Reduce poverty incidence
Key strategies for economic or production sector include:
• Modernize agriculture and agri-business • Revitalize industry. • Reinvigorate services.
Social and human development sector strategies
• Promote and improve lifelong learning and education • Boost health • Establish livable communities • Ensure food security and proper nutrition • Strengthen the social protection system • Increase income-earning ability of the workforce
6 cross-cutting strategies
• Digitalization • Public-Private Partnerships. • Servicification. • Dynamic innovation ecosystem. • Enhanced connectivity. • Greater collaboration between local and national Government. 7.
What can the business sector and international community expect?
Government will strengthen and facilitate PPPs, trade and investments, R&D, and technology transfer, while encouraging robust competition. The goal is to make it easier for companies to compete and innovate while upholding consumer protection. There will be lower transactions costs, a healthy regulatory environment, and protection from anti-competitive practices. the Philippines will be open for business as it seeks to regain its position among the most dynamic economies in Asia and the world.