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Transforming the Philippines through rapid and sustained growth, faster poverty reduction, and more opportunities for all
July 2019
Three generations of reforms
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FROM STABILITY TO PROSPERITY: Transforming the Philippines through - - PowerPoint PPT Presentation
FROM STABILITY TO PROSPERITY: Transforming the Philippines through - - PowerPoint PPT Presentation
FROM STABILITY TO PROSPERITY: Transforming the Philippines through rapid and sustained growth, faster poverty reduction, and more opportunities for all July 2019 Three generations of reforms 2 Vision for the Philippines By 2022 at least
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Vision for the Philippines
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By 2022
3,996
USD
3,500
USD
at least
12,376
USD
3,500
USD
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Progress in achieving the 10-point socioeconomic agenda is advancing strongly.
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- 2. Tax reform
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Tax reform is about INVESTING in our country’s FUTURE.
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- 2. Tax reform
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Impact on Taxpayer’s Personal Income
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- 2. Tax reform
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Higher tax revenues funding social services and infrastructure
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- 2. Tax reform
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- 3. Ease of doing business
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- 3. Ease of doing business
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- 4. Infrastructure spending
16 photos from DOF, DOTr, BCDA
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- 4. Infrastructure spending
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- 5. Rural development
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Farmers benefit from the Rice Competitive Enhancement Fund (RCEF) with a 10 billion peso annual appropriation for the next six years. Rice Competitive Enhancement Fund (RCEF)
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Rice liberalization reform is a game-changer.
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Rice liberalization is
pro-consumer pro-farmer pro-taxpayer pro-workers pro-children pro-poor
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- 7. Human capital development
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- 9. Social protection programs
24 photos from DSWD, IRRI
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The next three years will be focused on achieving entirely the 10-point socioeconomic agenda
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Development objectives in the next three years.
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- The overarching objectives for the next three years are to:
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Some economic priorities in the next three years
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- 1. Accelerate implementation of the Build Build Build infrastructure program.
- We have achieved 5.1 percent of GDP budget on infrastructure and we are on track to
achieve 7 percent of GDP in infrastructure spending in three years’ time. This is consistent with achieving an 8 percent GDP growth.
- Hybrid PPPs
- Improve pre-planning
- Involve LGUs in identification and strategic
planning of projects
- Upgrade technical capacity of LGUs to deliver
local infrastructure
- Land valuation reform to resolve right-of-way
conflicts
- National Land Use Plan to implement proper
zoning
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Some economic priorities in the next three years
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- 2. Pursue the remaining tax reform packages to make the tax system simpler, fairer, and
more efficient, while ensuring sustainable financing for the infrastructure program. Four major packages remain: Package 2 Corporate income tax and incentives reform Package 3 Property valuation Package 2+ Alcohol excise Package 4 Capital income and financial taxes
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Some economic priorities in the next three years
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- 3. Pursue economic reforms to increase FDI and jobs. Priority bills include
- Amendment to the Public Service Act
- Opening up retail trade further
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Some economic priorities in the next three years
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- 4. Improve implementation of existing reforms such as
- National ID
- Ease of doing business
- Universal health care
- Rice liberalization
- Social programs to increase investment in health, education, and social
protection
- Building resilience to climate change
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Some economic priorities in the next three years
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- 5. Improve the productivity of agriculture, including distribution of
individual titles to land reform beneficiaries.
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