PDP 2023 – 2028 Devt Plan to Focus On Transformative Agenda

The National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan has stated that the medium-term Philippine Development Plan (PDP) for 2023 – 2028 approved by President Marcos will be focused on a “transformation agenda.”

“Ultimately, the plan’s goal is to reinvigorate job creation and accelerate poverty reduction by steering the economy back to its high growth path, and more importantly, effect economic transformation towards a prosperous, inclusive and resilient society,” mentioned Secretary Balisacan.

The new PDP plans to tackle unemployment and provide quality jobs for Filipinos. The PDP 2023 – 2028 is the second medium-term plan hinged on the long-term vision of the government titled “AmbisyonNatin 2040”.

“What makes this Philippine Development Plan different from the previous one is the transformation agenda which will be facilitated by six cross-cutting strategies,”  mentioned Sarah Lynne Daway-Ducanes,  NEDA Assistant Secretary for Policy and Planning.

For Assistant Secretary Daway-Ducanes, these transformation agenda include bringing in local governments as equal partners in the country’s development agenda, technology, and innovation,  tourism and logistics to move up the global value chain, creative,  information and communications technology,  building ecosystems around high-growth manufacturing clusters, servicification,  leveraging the role of the private sector through a public-private partnership, connectivity, and digitization.

Aside from this, she adds that the transformative agenda would aid the Marcos administration to reach its goal of growth of 6.5 – 8% in the gross domestic product (GDP) of the country.

The goal of the government is to have an unemployment rate of 4 – 5% by the year 2028.

Source: Philippine News Agency