The National Economic and Development Authority on Tuesday presented the economic blueprint for the next six-years, committing to achieve a rapid economic expansion that will generate more jobs and reduce poverty in the country.
However, Economic Planning Secretary Cayetano Paderanga Jr., who is also Neda director general, said the government would review the economic assumptions for 2011 in the light of the recent global developments. The government has committed to an annual gross domestic product growth target of 7 to 8 percent until 2016.
“The Development Budget Coordinating Committee will review the macroeconomic assumptions,” Paderanga told reporters at the Neda headquarters in Ortigas. “We are reviewing some of the estimations that we have made.”
Bangko Sentral Governor Amando Tetangco Jr. said the political tension in the Middle East and North Africa as well as the impact of the recent earthquake in Japan could affect oil prices, remittances, exports, investments, tourism and official development assistance in the Philippines.
“So we will also take into consideration not only the developments in the Middle East but also in Japan in reviewing the economic targets,” Tetangco said at the sidelines of the annual general membership meeting of the Marketing Association of the Philippines in Makati City.
Former Economic Planning Secretary Cielito Habito said risks to growth outlook this year included the possibility of a double-dip recession spawned by the situation in Europe, the political unrest in the Middle East, the peso appreciation, the impact of Japan earthquake and the heavy government debt burden.
The Neda board, headed by President Benigno Aquino III, approved the Philippine Development Plan 2011-2016 on Monday. Roderick T. dela Cruz, Manila Standard Today
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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