Neda board ok's Phl Dev't Plan 2017-2022 Neda

MANILA – The National Economic and Development Authority (Neda) Board officially approved the Philippine Development Plan 2017-2022 on February 20, 2017 at Malacanan Palace.

The Philippine Development Plan (PDP) 2017-2022 is the first medium-term plan to be anchored on a national long-term vision, or AmBisyon Natin 2040, which represents the collective vision and aspirations of Filipinos for themselves and for the country. The PDP also takes off from the Administration’s 0-10 point Socioeconomic Agenda and is informed by inputs from the cross-section of stakeholders and the general public.

“By the end of 2022, Filipinos will be closer to achieving their long-term aspirations. Through this PDP, the current Admin- istration will lay a solid foundation for inclusive growth, a high-trust society, and a globallycompetitive knowledge economy by grounding its development thrusts on Malasakit, Pagbabago, and Patuloy na Pag-unlad,” said Socioeconomic Planning Secretary Ernesto M. Pernia during his presentation at the Neda Board meeting.

The Philippine Development Plan contains seven main parts, which include an overview of the economy, development challenges that lie ahead, and development strategies thoroughly articulated through chapters on Enhancing the Social Fabric, Inequality Reducing Transformation, Increasing Growth Potential, Enabling and Supportive Economic Environment, and Foundations for Inclusive and Sustainable Development.

Following Neda Board approval, and after minor revisions are incorporated, the NEDA will draft an Executive Order that mandates all government agencies to align respective programs, projects and activities with the Philippine Development Plan 20172022.