The PDP 2017-2022 that takes off from the Administration’s 0+10 Point Socioeconomic Agenda is the first medium-term plan anchored on Ambisyon Natin 2040 following EO 5, s. 2016. The current Plan aims to lay a stronger foundation for inclusive growth, a high-trust society, and a globally-competitive economy toward realizing the vision by 2040.
Under the current plan, the target is to reduce poverty incidence from 21.6 percent in 2015 to 14.0 percent by 2022. This is equivalent to lifting about 6 million people out of poverty. Specifically, poverty in agriculture and in lagging regions with high poverty incidence and inequality will be targeted. Individuals and communities will also be made more resilient by reducing their exposure to risks, mitigating the impact of risks, and accelerating recovery when the risk materializes. Moreover, innovation will be encouraged as the country sets its eyes on graduating to a knowledge economy in order to accelerate growth in the future.
The strategies to achieve the targets cited above are grouped under three pillars: Malasakit or enhancing the social fabric, Pagbabago or reducing inequality, and Patuloy na Pag-unlad or increasing growth potential. Chapter 4 discusses the strategic framework of PDP 2017-2022.
This document is organized into seven parts. Part I provides the overall context for the Plan. Part II is about enhancing the social fabric to build the foundations for a high-trust society. Part III stresses the importance of reducing inequalities in economic development opportunities. Part IV focuses on increasing potential growth. Part V calls for a supportive economic environment that will enable the economy to sustain growth, and Part VI is about foundations for inclusive and sustainable development. Finally, Part VII describes the institutional arrangements for implementation and monitoring––making sure that what is planned is implemented and that timely adjustments are done. As the PDP 2017-2022 is the first concrete step towards the realization of AmBisyon Natin 2040, the government needs to make sure that it contributes to achieving the collective aspirations of its citizens.
Click Philippine Development Plan 2017-2022 to read the full text.