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
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
