Marcos approves Philippine development plan for 2023 to 2028

President Ferdinand “Bongbong” Marcos Jr. on Friday approved the Philippine Development Plan (PDP) designed to strengthen the country’s economic and social transformation from 2023 to 2028.

The plan seeks to reinvigorate job creation and intensify poverty reduction by steering the economy back on the high-growth path and push for efficient economic transformation for a prosperous, inclusive, and resilient society.

Marcos said the development plan was approved at the meeting of the National Economic Development Authority board.

"This sets out the framework of the development plan for the Philippines and we have included all of the priority areas," Marcos said.

Marcos said he joined the government agencies to employ a whole-of-nation approach in the implementation of the PDP 2023 to 2028 and steer government instrumentalities into the "same direction."

"This will facilitate the coordination and the alignment of all departments and all agencies in government to a single plan so that we are all working in the same direction," Marcos said.

NEDA Secretary Arsenio Balisacan earlier said the PDP offered an inclusive way forward and identified the program priorities and strategies, as well as enabling policies and governance mechanisms towards a better quality of life for Filipinos.

"Addressing inflation and the constraints to rapid economic growth, job creation, and poverty reduction in the new normal requires a whole-of-government and whole-of-society approach," Balisacan said.

The NEDA chief said this is the first time that the plan would be presented before the start of the first full year of the Chief Executive.

Balisacan also ensured that a framework for regular monitoring and evaluation of the plan's implementation is also in place. —NB, GMA Integrated News