JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS ON THE PHILIPPINE ECONOMIC PERFORMANCE FOR THE FOURTH QUARTER AND FULL YEAR OF 2021 SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK T. CHUA FINANCE SECRETARY CARLOS G. DOMINGUEZ BUDGET AND MANAGEMENT OFFICER-IN-CHARGE TINA ROSE MARIE L. CANDA JANUARY 27, 2022 Colleagues in government, friends from the media, fellow Filipinos, …Read More

January 24, 2022 – The government and the private sector need to collaborate to help improve the prospects for economic recovery, increase productivity in the country, and respond to climate change, said the National Economic and Development Authority (NEDA). In his message during the 2022 Inaugural Meeting and Induction Ceremonies of the Financial Executives Institute …Read More

January 7, 2022 The Development Budget Coordination Committee is closely monitoring the impact of the elevated number of COVID-19 cases, especially in the National Capital Region (NCR) and its neighboring provinces. We estimate that the shift from Alert level 2 to Alert level 3 for NCR plus, which includes Metro Manila, Bulacan, Cavite, Laguna, and …Read More

MANILA – The Philippine labor market showed significant improvements in November 2021 as the country recorded its lowest unemployment rate since April 2020, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority reported today that the country’s unemployment rate decreased from 7.4 percent in October to 6.5 percent in November, the lowest …Read More

January 5, 2022 The Philippines recorded its lowest monthly inflation rate for 2021, the National Economic and Development Authority (NEDA) said. As reported by the Philippine Statistics Authority (PSA) today, the headline inflation rate eased to 3.6 percent in December from 4.2 percent in November 2021. The decline was primarily driven by slower food inflation, …Read More

Statement on the 2021 first semester official poverty statistics Socioeconomic Planning Secretary Karl Kendrick T. Chua December 17, 2021 Members of the media, colleagues in government, fellow Filipinos, good morning. Recent developments At the start of the Duterte administration in 2016, we pursued the zero-to-ten point socioeconomic agenda to help us achieve the Ambisyon Natin …Read More

MANILA — Innovation is needed in the most basic sectors to attain the country’s 2040 vision of eradicating extreme poverty and becoming a high-income country, said the National Economic and Development Authority (NEDA). “The country’s economic performance has exceeded expectations in 2021. We expect to recover to the pre-pandemic level in early 2022. However, as …Read More

December 15, 2021 The Philippine Statistics Authority (PSA) has achieved its target of 50 million registrations for the Philippine Identification System (PhilSys) in 2021, despite the challenges brought about by the COVID-19 pandemic. As of December 10, 2021, the PSA has registered 50,014,382 Filipinos to the demographic and biometric data collection. In partnership with the …Read More

Review of the Medium-Term Macroeconomic Assumptions and Fiscal Program for FY 2021 to 2024 December 14, 2021 The Development Budget Coordination Committee (DBCC) has revisited the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FY 2021 to 2024 in line with recent domestic and external  developments. Our accelerated vaccination drive has enabled the …Read More

THE OCTOBER 2021 LABOR FORCE SURVEY RESULTS JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS SOCIOECONOMIC PLANNING SECRETARY KARL KENDRICK T. CHUA FINANCE SECRETARY CARLOS G. DOMINGUEZ BUDGET AND MANAGEMENT OFFICER-IN-CHARGE TINA ROSE MARIE L. CANDA DECEMBER 7, 2021   We are on the right track to a strong and early recovery. Once more, our …Read More

MANILA – The Philippines’ inflation rate continued to decelerate for the third straight month in November, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority (PSA) reported on Tuesday that the headline inflation rate further eased to 4.2 percent in November from 4.6 percent in October. The decline in the overall year-on-year …Read More

December 3, 2021 The National Economic and Development Authority (NEDA) has proposed a 10-point policy agenda to accelerate the country’s recovery from the COVID-19 pandemic and prepare the country for future pandemics. During his talk at the Asian Institute of Management (AIM) on Wednesday, Socioeconomic Planning Secretary Karl Kendrick T. Chua emphasized the need to …Read More

MANILA – Socioeconomic Planning Secretary Karl Kendrick T. Chua bared the government’s reproductive health and family planning programs on Monday at the International Inter-Ministerial Conference on Population and Development organized jointly by the Partners in Population and Development (PPD) and the United Nations Population Fund (UNFPA). Speaking before foreign ministers and senior government officials from …Read More

November 30, 2021 Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Friday that the effective management of COVID-19 risks will allow the economy to recover to the pre-pandemic level in early 2022. During the virtual Philippine Economic Briefing for the Foreign Chambers of Commerce, Chua listed the interventions that enabled the effective management of …Read More

November 30, 2021 The National Economic and Development Authority (NEDA) said that in order to attain the AmBisyon Natin 2040, the government needs to continuously innovate and make its systems more resilient against future crises through foresight planning. “Today’s event is crucial as it demonstrates our resolve to chart a better future through foresight planning. …Read More