The updated Plan specifies indicators of efficiency and effectiveness to measure success. The real measure of efficiency is the extent to which private effort has been steered towards the direction laid out in the Plan; effectiveness is the extent to which the well-being of Filipinos has been improved. In effect, we recognize that the implementation of the updated PDP calls for convergence of agency programs and coordination among agencies at different levels as well as the private sector and development partners to be able to make a significant impact.
The country’s merchandise exports grew by 15.8 percent, indicating a continued upward trend for the 7th consecutive month in December 2013 and making it the top export performer in selected economies in East and Southeast Asia, according to the National Economic and Development Authority (NEDA).
The Philippine economy grew by 6.5 percent in the fourth quarter of 2013, placing the full year Gross Domestic Product growth to 7.2 percent. According to Secretary Balisacan, this is a remarkable turnout: “The economy grew better than our expected target of 6.0 to 7.0 percent for 2013 despite the challenges we faced during the year, particularly the disasters that struck Central and Southern Philippines in the fourth quarter.”
The higher import value of capital goods bolstered the country’s import performance in November 2013, according to the National Economic and Development Authority (NEDA).
These sectoral roadmaps will form part of the Manufacturing Industry Roadmap or the MIR that will then be integrated with the agriculture, services and other sectoral roadmaps. As a result, a Comprehensive National Industrial Strategy (CNIS) will be formulated, spelling out strategies in strengthening the link of these sectors with basic sectors as suppliers or markets as well as developing local industries to become more competitive in preparation for greater regional and global integration.
This address was delivered by Assistant Director General Rosemarie G. Edillon on behalf of NEDA Director General and Socioeconomic Planning Secretary Arsenio M. Balisacan, during the Project Inception Workshop held in Quezon City on January 13, 2014.
Brisk performance of manufactured and agro-based products steered merchandise exports to another double-digit growth in November 2013, according to the National Economic and Development Authority.
According to Socioeconomic Planning Secretary Arsenio M. Balisacan, this amount will be disbursed over four years, in line with a phased, cumulative and flexible implementation of the Reconstruction Assistance on Yolanda plan.
Reconstruction Assistance on Yolanda (RAY) is the government’s strategic plan to guide the recovery and reconstruction of the economy, lives, and livelihoods of people and communities in the areas affected by Typhoon Yolanda (Haiyan).
Socioeconomic Planning Secretary Arsenio M. Balisacan, who is also the Director-General of the National Economic and Development Authority, walks the media through some of 2013′s high and low points regarding economic growth, employment, poverty, and recovery after Yolanda, as well as through the economic outlook for 2014.