Yes, fiscal spending is a key component of economic growth
(The Manila Times)
YOU cannot blame President Duterte’s economic managers for exulting about last year’s economic results and taking credit for it, particularly the second half when the imprint was unmistakably that of this administration, and without any grey area mixed with and diluted by the fiscal policy of the previous administration.
What can be gleaned so ...
‘Tariffs from rice imports to help farmers cut cost, boost income’
Cai U. Ordinario & Jovee Marie N. dela Cruz (BusinessMirror)
The Duterte administration vowed to allocate all the tariffs collected from rice imports for programs aimed at helping farmers cut production cost, according to the Philippine Development Plan (PDP) 2017-2022.
The country’s economic blueprint said the amendment of the Agricultural Tariffication Act of 1996, or Republic Act ...
Goverment eyeing to double export receipts by 2022
Cai Ordinario (Business Mirror)
The national government plans to double receipts from merchandise and service exports by 2022, according to the new economic blueprint of the Duterte administration, dubbed as the Philippine Development Plan (PDP).
Under the PDP 2017-2022 the government is targeting to increase merchandise exports to as much as $62 billion and service exports to ...
Dev’t plan targets tax revenue rising to 17.7% of GDP
Danica M. Uy (Business World)
THE GOVERNMENT released the official version of its medium-term development goals with Saturday evening’s online publication of the Philippine Development Plan (PDP) 2017-2022, which includes a significant increase in the share of tax revenue relative to gross domestic product (GDP).
Outlined in the plan are the targets set for revenue generation to ...
All set for the new Philippine Development Plan
Atty. Jose Ferdinand M. Rojas II (BusinessMirror)
ON February 20 the Neda Board approved the 2017-2022 Philippine Development Plan (PDP), which is based on AmBisyon Natin 2040, the Filipino people’s collective vision and aspirations for themselves and for the country. It is also linked to President Duterte’s 10-point Socioeconomic Agenda. The PDP is the result of ...