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PH Development Plan 2023-2028 to Focus on “Transformation Agenda”

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The medium-term Philippine Development Plan (PDP) 2023–2028, which President Ferdinand R. Marcos Jr. approved, will put a strong emphasis on the “transformation agenda,” according to NEDA Secretary Arsenio Balisacan.

Balisacan stated in a conference on Monday that the new PDP wants to combat unemployment and give Filipinos access to decent employment to help them escape poverty.

The plan’s ultimate objective, according to him, is to “revive job creation, quicken the pace of poverty reduction, and more crucially, effect economic change towards a wealthy, inclusive, and resilient society.”

The PDP 2023-2028 is the nation’s second medium-term plan, built around the long-term vision of “AmbisyonNatin 2040” of the government.

The transformation agenda, which will be supported by six cross-cutting initiatives, is what distinguishes this Philippine Development Plan from the one that came before, according to Sarah Lynne Daway-Ducanes, assistant secretary for policy and planning at NEDA.

According to her, the strategies for the transformation agenda include digitalization, connectivity, leveraging the private sector through public-private partnerships, servicification, or creating ecosystems around high-growth manufacturing clusters, information and communications technology, creative, tourism, and logistics to move up the global value chain, technology, and innovation, as well as including local governments as equal partners in the nation’s development agenda.

She continued by saying that the Marcos administration’s transformation plan will assist in achieving the desired gross domestic product growth of 6.5 to 8%.

Balisacan added that in order to reduce poverty, the medium-term plan will put an emphasis on giving Filipinos access to high-quality, well-paying jobs in addition to reducing unemployment.

By 2028, the government wants the unemployment rate to be between 4 and 5 percent.

“So, it’s not just a matter of counting jobs. Since we already have a very low unemployment rate, the quality of these jobs is much more crucial for us. Even now, they are comparable to what you would see in industrialized nations. But even so, there is a lot of poverty, he remarked.

He continued by saying that the PDP 2023–2028 will also address pressing immediate issues including preserving people’s purchasing power, minimizing socioeconomic damage to human capital, and accelerating inflation.

“Timely implementation of the PDP as the nation’s development roadmap shall ensure that government resources, programs, projects, and activities are in line with the strategies that have been defined and that will help us accomplish our intended socioeconomic goals. I can’t emphasize enough the importance of coordination for getting the most out of our policies given our constrained fiscal space, said Balisacan.

The employment growth areas highlighted under the PDP, according to Department of Labor and Employment (DOLE) Undersecretary Carmela Torres, would support graduates so they can find employment through employment facilitation.

At the DOLE year-end news conference in Manila, she stated, “We would also reinforce our Public Employment Service Offices to help job seekers and to align them with vacancies.” She also added that DOLE will strengthen its online job application system. PhilJobNet

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