PRESIDENT Ferdinand R. Marcos, Jr. has signed an executive order (EO) adopting the Philippine Development Plan (PDP) 2023-2028, which he said will help the country achieve its goal of becoming an upper middle-income economy by 2025. READ:
THE TOWERING BUILDINGS of Makati’s central business district are seen in the background in this May 13, 2020 file photo. — PHILIPPINE STAR/ MIGUEL DE GUZMANDevelopment Plan 2023-2028, which he said will help the country achieve its goal of becoming an upper middle-income economy by 2025.
Under the PDP, the government targets 6-7% gross domestic product growth this year, and 6.5-8% from 2024 to 2028. It also aims to lower the unemployment rate to 4-5% by 2028. Mr. Marcos on Jan. 27 signed EO No. 14, which directs all concerned government agencies to adopt and implement the PDP, which is described as the country’s roadmap for the next six years. All agencies should align their budgets and programs with strategies identified in the PDP, as well as identify priority programs and projects under the Public Investment Program 2023-2028.
“The biggest challenge, even in past PDPs, is the gargantuan task of administration, enforcement, and/or execution of the plan’s different parts and intricacies,” he said in a Viber message.
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