As-delivered Presentation Socioeconomic Planning Secretary Karl Kendrick T. Chua Public Hearing of the Committee on Finance (Subcommittee “A”) Proposed 2022 Budget of the following: National Economic and Development Authority and attached agencies October 13, 2021  I will begin the presentation on the budget proposal of NEDA and the attached agencies. For this presentation, Mr. Chair, …Read More

October 5, 2021 The inflation rate slightly decelerated in September 2021, aided by the government’s policies to ease food prices, said the National Economic and Development Authority. Based on the report of the Philippine Statistics Authority (PSA) today, the headline inflation rate slowed down to 4.8 percent in September 2021 from 4.9 percent in August …Read More

October 2, 2021 Accelerating the vaccination roll-out, managing risks better, and implementing the economic recovery program are the government’s three key strategies to reach the country’s growth targets for 2021 and 2022, the National Economic and Development Authority (NEDA) said.   In his presentation during Presidential Spokesperson Harry Roque’s press briefing for the Malacañang Press Corps (MPC) on September 30, …Read More

THE AUGUST 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 SEPTEMBER 30, 2021   The August 2021 Labor Force Survey results show improvements in the labor market as …Read More

September 27, 2021 The Philippines’ active official development assistance (ODA) portfolio reached USD 30.7 billion in 2020, a 46.6 percent increase from the previous USD 20.9 billion in 2019, said the National Economic and Development Authority (NEDA). Based on NEDA’s recently released ODA Portfolio Review Report for CY 2020, the active ODA portfolio consisted of 30 program loans, …Read More

September 25, 2021 Socioeconomic Planning Secretary Karl Kendrick T. Chua said the estimated long-run total cost of the COVID-19 pandemic and quarantines for present and future generations of Filipinos is estimated at 41.4 trillion pesos. “Over the past six months, NEDA, with assistance from our development partners and attached agencies, has been estimating the total …Read More

September 16, 2021 Establishing effective water supply and sanitation (WSS) sector institutions and strengthening the regulatory environment are needed to address the future increase in water consumption and address gaps in sanitation services, the National Economic and Development Authority said.   In a speech during the virtual launch of the Philippine Water Supply and Sanitation Master …Read More

September 14, 2021 Reforms that enable structural transformation and strengthen human capital development are the foundations of a more resilient economy in a post-pandemic world, said the National Economic Development Authority (NEDA). In his keynote speech during the opening program of the 7th Annual Public Policy Conference (APPC) hosted by the Philippine Institute of Development Studies …Read More

September 8, 2021 The replication of the Regional Geographic Information Network (RGIN) Geoportal Project in pilot Regions 1, 6, 8, 9, 12, and 13 will help improve research and development and craft evidence-based policies in the country, the National Economic and Development Authority (NEDA) said. In a speech during the virtual launch of the Geoportal …Read More

September 8, 2021 The Duterte administration accomplished several reforms that took decades to be enacted. These helped the country attain its lowest poverty rate in 2018, and will pave the way for the achievement of its 2040 vision, said the National Economic and Development Authority (NEDA). In his presentation during the Talk to the People …Read More

TOP ECONOMIC OFFICIALS HIGHLIGHT BRIGHT PROSPECTS OF PHILIPPINE ECONOMY BEFORE JAPANESE INVESTORS Over 300 Japanese investors attend virtual Philippine Economic Briefing September 7, 2021 The Philippines’ top economic officials highlighted the country’s nascent economic recovery and bright medium- and long-term growth prospects before more than 300 guests from Japanese corporate and financial institutions. During the …Read More

September 7, 2021 The Philippine government will continue to ensure a stable food supply to ease prices of fish, vegetables, and pork and address the recent uptick in inflation, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority (PSA) reported that the headline inflation rate increased to 4.9 percent in August 2021 …Read More

THE JULY 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 SEPTEMBER 7, 2021 The labor force continues to recover as we build on the 11.8 percent economic growth recorded …Read More

August 27, 2021 The ability of the Philippines to move up to high-income country status hinges on the long-term development of the agriculture and manufacturing sectors, said the National Economic and Development Authority (NEDA). In his keynote speech during the Department of Trade and Industry – Board of Investments’ Manufacturing Summit held on August 26, …Read More

Review of the Growth Assumptions for FY 2021 August 18, 2021 The Development Budget Coordination Committee (DBCC) revised its growth assumptions for FY 2021 from 6.0 to 7.0 percent to 4.0 to 5.0 percent in light of the reimposition of stricter mobility restrictions in various areas of the country to effectively address the heightened risks …Read More