FLORENCIO “BUTCH” B. ABAD Secretary Department of Budget and Management Opening Government Towards Greater Progress 1.

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Presentation transcript:

FLORENCIO “BUTCH” B. ABAD Secretary Department of Budget and Management Opening Government Towards Greater Progress 1

2

3 THE PHILIPPINES: Hailed for— 1.Budget and forecasting principles 2.Precision and timeliness of fiscal objectives 3.“Impressive framework” for citizen participation 4.Macroeconomic forecasts and fiscal legislation

4 The Philippines: “Sick Man of Asia”

5 Change is afoot!

6

7 Source: Philippine Daily Inquirer

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9

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11 Good Governance = Good Performance

12 “The Philippines is Southeast Asia’s strong man.” - Bloomberg 12

Robust Economic Growth PHL GDP GROWTH FASTEST IN ASEAN 13

Robust Economic Growth (GROSS DOMESTIC PRODUCT) 14

Poverty Reduction (INCIDENCE BY % OF POPULATION, 1 st SEMESTER) Source: National Statistical Coordination Board (as of 6 March 2015)Note: New methodology for

Unemployment and Underemployment Down to its lowest rates in ten years (since 2005) 16

BBB- in March 2014 BBB in May 2014 BB in May 2009 BB- in July 2009 BBB- in Sep 2014 INVESTMENT GRADE CREDIT RATINGS BB+ in Mar 2011 Baa3 in October 2013 Ba3 in July 2009 Revived Investor Confidence 17

PPP Projects per administration Source: Public Private Partnership Center Solicited PPPs awarded under AQUINO ADMIN 10 6 Total Solicited PPPs under the RAMOS, ESTRADA & ARROYO ADMINISTRATIONS + 13 More PPPs Currently under bidding + 2 More PPPs Negotiated & awarded 18

Foreign Direct Investment source: bsp.gov.ph 66% increase In US$ billion 19

20 Deficit maintained at 2.0 % of GDP Reduced Debt Burden

Renewed Trust in Public Institutions 21

Third Party Report2010LatestChange Transparency International 2014 Corruption Perceptions Index 134 / /175 (2013: 94/177) +49 (2013: +40) World Bank 2015 Ease of Doing Business 144 / /189 (2014: 108/189) +49 ( ) World Economic Forum Global Competitiveness Index Basic Requirements Sub-Index Pillar 1: Institutions Pillar 2: Infrastructure 85 / / / / / / Heritage Foundation 2015 Economic Freedom Index 109 / /178 (2014: 89/178) +33 (2014: +20) Improved State of Governance 22

24 Collaboration between government and citizens 24

25 The vastness of our future potential 25

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28 What next? Who next? 28

Openness towards empowerment

30 Source: ABS-CBN News

FLORENCIO “BUTCH” B. ABAD Secretary Department of Budget and Management Opening Government Towards Greater Progress