Economic Planning Secretary and National Economic and Development Authority (NEDA) Director-General Arsenio M. Balisacan said the Philippine government will sustain its robust economic performance by making the business environment more conducive to investments. Balisacan made the statement during the Financing Options for Public-Private Partnerships (PPPs) forum last April 24 at The Peninsula Manila, Makati City. “In line with mobilizing the private sector, the government will continuously improve public sector governance and institute policy reforms to improve the business climate in the country,” Balisacan said.
“The government has undertaken new policy measures to boost public infrastructure spending by tapping private sector participation in public infrastructure development,” he said. He cited reforms such as the Build-Operate-Transfer (BOT) Law Implementing Rules and Regulations (IRR) and the Joint Venture (JV) Guidelines, which help accelerate the provision of infrastructure projects.
Balisacan also raised the importance of PPP program in liberating public resources for other necessary social services. Government aims to increase public infrastructure spending from 2.7 percent of the GDP in 2013 to at least 5.0 percent or about PhP826 billion by 2016 to support the growth requirements in the coming years.
Various local and foreign financing experts were present during the forum.
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