Secretary Department of Budget and Management Opening Government Towards Greater Progress 1 2 3 THE PHILIPPINES Hailed for Budget and forecasting principles Precision and timeliness of fiscal objectives ID: 462356
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FLORENCIO “BUTCH” B. ABADSecretaryDepartment of Budget and Management
Opening Government
Towards Greater Progress
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3 THE PHILIPPINES: Hailed for—Budget and forecasting principlesPrecision and timeliness of fiscal objectives“Impressive framework” for citizen participationMacroeconomic forecasts and fiscal legislationSlide4
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The Philippines: “Sick Man of Asia”Slide5
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Change is afoot! Slide6
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Source:
Philippine Daily InquirerSlide8
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Good Governance = Good PerformanceSlide12
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“The Philippines is Southeast Asia’s strong
man.”- Bloomberg12Slide13
Robust Economic Growth
PHL GDP GROWTH FASTEST IN ASEAN
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Robust Economic Growth
(GROSS DOMESTIC PRODUCT)
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Poverty Reduction
(INCIDENCE BY % OF POPULATION, 1st SEMESTER)
Source: National Statistical Coordination Board (as of 6 March 2015)Note: New methodology for 2013
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Unemployment and Underemployment
Down to its lowest rates in ten years (since 2005)
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BBB- in March 2014BBBin May 2014
BB
in May 2009BB-in July 2009BBB-in Sep 2014
INVESTMENT GRADE CREDIT RATINGSBB+in Mar 2011
Baa3
in October 2013
Ba3
in July 2009
Revived Investor Confidence
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PPP Projects
per administration
Source: Public Private Partnership Center
Solicited PPPs awarded under AQUINO ADMIN106
Total Solicited PPPs under the RAMOS, ESTRADA
& ARROYO
ADMINISTRATIONS
+ 13 More PPPs
Currently under bidding
+ 2 More PPPs
Negotiated & awarded
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Foreign Direct Investment
source: bsp.gov.ph
66%
increaseIn US$ billion19Slide20
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Deficit maintained at
2.0 %
of GDPReduced Debt BurdenSlide21
Renewed Trust in Public Institutions
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Third Party Report2010
Latest
ChangeTransparency International 2014 Corruption Perceptions Index
134 / 17885/175(2013: 94/177)+49
(2013: +40)
World Bank 2015 Ease of Doing Business
144 / 183
95
/189
(2014: 108
/189)
+49
(2014 +36)
World Economic Forum Global Competitiveness Index 2014-2015
Basic Requirements Sub-Index
Pillar 1: Institutions
Pillar 2: Infrastructure
85 / 139
125 / 139
104 / 139
52
/ 144
67
/ 144
91
/ 144
+33
+ 58
+13
Heritage Foundation 2015
Economic Freedom Index
109 / 179
76
/178
(2014: 89
/178)
+33
(2014: +20)
Improved State of Governance
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24Collaboration between
government and citizens
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The vastness of our future potential
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What next?
Who next?28Slide29
Openness towards empowermentSlide30
30Source: ABS-CBN NewsSlide31
FLORENCIO “BUTCH” B. ABADSecretaryDepartment of Budget and Management
Opening Government
Towards Greater Progress