DUTERTE TO PRESENT 10-POINT SOCIO-ECONOMIC AGENDA

duterte by manman dejeto afpBY ROGER M. BALANZA

The incoming administration of President-elect Rodrigo R. Duterte will present at an economic forum tomorrow, June 21, before the country’s businessmen   a 10-point socio-economic agenda to be pursued during the 6-year presidency of the Davao City Mayor who won by a landslide the May 9 presidential race.

The “Sulong Pilipinas” forum in Davao City started today, June 10, at the SMX Convention Center.

The forum is jointly organized by the Department of Finance, National Economic Development Authority (NEDA), Mindanao Business Council (MBC) and the Philippine Chamber of Commerce and Industry, Inc. (PCCII).

Duterte, who takes his oath as the 16th President of the Philippines on June 30, will be backstopped by his economic team in the presentation of the agenda aiming to lift the country from its current economic situation.

CARLOS DOMINGUEZ

Incoming NEDA Director-General Ernesto Pernia will present the country’s economic situation, while incoming Finance Secretary Carlos Dominguez will present the Duterte administration’s 10-point socio-economic agenda.

The 10-point agenda includes the following:

  • Continue and maintain current macroeconomic policies, including fiscal, monetary, and trade policies.

  • Institute progressive tax reform and more effective tax collection, indexing taxes to inflation. A tax reform package will be submitted to Congress by September 2016.

  • Increase competitiveness and the ease of doing business. This effort will draw upon successful models used to attract business to local cities (e.g., Davao) and pursue the relaxation of the Constitutional restrictions on foreign ownership, except as regards land ownership, in order to attract foreign direct investment;

  • Accelerate annual infrastructure spending to account for 5% of GDP, with Public-Private Partnerships playing a key role.

  • Promote rural and value chain development toward increasing agricultural and rural enterprise productivity and rural tourism.

  • Ensure security of land tenure to encourage investments, and address bottlenecks in land management and titling agencies.

  • Invest in human capital development, including health and education systems, and match skills and training to meet the demand of businesses and the private sector.

  • Promote science, technology, and the creative arts to enhance innovation and creative capacity towards self-sustaining, inclusive development.

  • Improve social protection programs, including the government’s Conditional Cash Transfer program, to protect the poor against instability and economic shocks.

  • Strengthen implementation of the Responsible Parenthood and Reproductive Health Law to enable especially poor couples to make informed choices on financial and family planning.

    ECON

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