THE 2011-2016 PUBLIC INVESTMENT PROGRAM

The 2011-2016 PIP shall serve as: (a) an instrument to tighten the planning, programming, budgeting and monitoring and evaluation (M&E) linkages; (b) basis for public sector resource allocation and for pipelining public sector PAPs for processing at the Investment Coordination Committee (ICC)/NEDA Board (NB); and (c) basis in monitoring public investment performance in terms of achieving the goals and targets under the PDP/RM pursuant to Administrative Order (AO) 25, series of 2011.

The PIP contains the PAPs to be implemented by the NG, GOCCs, GFIs and other offices and instrumentalities within the medium-term regardless of financing but which indicates, nonetheless, sources of funding whether purely NG [includes proceeds from Official Development Assistance (ODA) loans], GOCCs, GFIs, ODA grants, public-private partnerships (PPPs) including joint ventures (JVs), or from local government units (LGUs) for their counterpart in NG projects. It includes identification of the spatial coverage of PAPs, including the PDP Chapter and 16-point agenda being addressed and their objectively verifiable indicators (OVIs). It excludes recurrent cost on the general operation of the government, personnel services, relending and/or guarantee related activities to private institutions, and other administrative capital expenditures. Also excluded are PAPs to be financed purely from LGU revenues and independent projects of the private sector including those of nongovernmental organizations (NGOs).