MANILA— The Revalidated Public Investment Program (PIP) can now be accessed online through the National Economic and Development Authority’s (NEDA) website.
The Revalidated PIP outlines major government programs and projects that are expected to help achieve the targets under the Updated Philippine Development Plan 2011-2016.
This updated version of the PIP takes into account the progress that the current administration has done, and the challenges for the remaining years.
“Our experiences in the first half of PDP implementation confirmed that good governance and macroeconomic and political stability are crucial for sustainable economic growth. Yet, we recognize that the real measure of progress is improvement in the lives of our people,” said Economic Planning Secretary Arsenio M. Balisacan in his message.
He added that the Revalidated PIP helps ensure that public resources are channeled to investments that will yield the highest and most sustainable socioeconomic benefits for the Filipino people.
“In effect, the Revalidated PIP actualizes the necessary institutional changes and innovations to deliver lasting results that are felt by the people, especially the poor,” said Balisacan.
The document also indicates a total estimated investment target of PhP 4.19 trillion, where more than half of about 1,500 identified priority programs and projects are allocated for infrastructure development. It also includes updates on the status of current and major programs and projects (PAP) which began implementation in 2011, and priority PAPs for the remaining Plan period 2011-2016, with emphasis on core investment programs and projects (CIPs).
“We hope that the Revalidated PIP will empower government agencies and development partners in implementing, coordinating, and complementing development PAPs across the country, and will effectively serve its purpose as one of the nation’s instruments to achieve inclusive growth,” concluded Balisacan.
The PDF version of the document may be downloaded from this link: https://neda.gov.ph/wp-content/uploads/2014/09/updated_rev_pip-final_proof.pdf