The National Economic and Development Authority (NEDA) Board has approved on December 16 the Philippine Development Plan (PDP) 2023-2028, the country’s blueprint for socioeconomic development over the medium term, according to a statement sent last Saturday.
“Completed in record time — just six months into President Marcos’ term — the PDP is our plan for economic and social transformation. In the next six years, our overall goal is to reinvigorate job creation and accelerate poverty reduction by steering the economy back to its high-growth path,” NEDA Secretary Arsenio Balisacan said at the second NEDA Board meeting at the Malacañan Palace.
“More importantly, the Plan seeks to effect economic transformation toward a prosperous, inclusive and resilient society,” he added.
Balisacan said the PDP is framed by the 8-Point Socioeconomic Agenda, which seeks to address short-term issues confronting the country and medium-term constraints to rapid growth and inclusion.
It is also geared toward the realization of the AmBisyon Natin 2040, the Filipino people’s collective vision for the long term.
Guided by a systematic whole-of-government and whole-of-society approach, NEDA said the PDP was formulated through several months of consultative and collaborative engagements with government agencies, local government units, development partners, sectoral experts, private sector and stakeholder groups, and the general public.
Following the NEDA Board’s approval of the plan, a draft executive order has been submitted to the Office of the President mandating all government agencies to align their respective programs, projects and activities with the PDP 2023-2028.
“Given the uncertainties and headwinds that we face, the Plan is our roadmap that will show us the way forward, guiding our efforts and initiatives as we sustain our robust economic recovery and aspire for no less than the economic and social transformation of our country towards a matatag, maginhawa at panatag na buhay (stable, comfortable and secure life) for all Filipinos,” Balisacan said.
