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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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