President-elect Rodrigo Duterte’s economic development team is all set to present their 10-point socioeconomic agenda in the next six years before 300 business leaders in Davao City from June 20-21. It includes discussing their commitment to keep some of the trade, fiscal and monetary policies that were put in place by past administrations.
Duterte’s economic team will attend the “Sulong Pilipinas: Hakbang Tungo sa Kaunlaran” consultative workshop, incoming Department of Finance (DOF) Secretary Carlos G. Dominguez III’s transition team announced on Wednesday.
Dominguez will present the 10-point economic agenda. Meanwhile, Ernesto M. Pernia, the National Economic and Development Authority (Neda) Director-General, will discuss the economic health of the Philippines.
The incoming President is also expected to be present at the workshop to respond to the recommendations from the consultation, The Philippine Daily Inquirer reported.
According to the draft conference agenda, the 10-point socioeconomic agenda aims to focus on continuing and maintaining the current macroeconomic policies.
The following topics will also be discussed by the economic development team of the president-elect.
- Institute progressive tax reform and a more effective tax collection
- Submit to Congress a tax reform package by September
- Index taxes to inflation
- Increase competitiveness and the ease of doing business
- Accelerate annual infrastructure spending with public-private partnerships (PPPs) playing a vital role
- Promote rural and value chain development toward increasing rural and agricultural enterprise productivity as well as rural tourism
- Attract foreign direct investments by pursuing the relaxation of the Constitutional restrictions on foreign ownership, except land ownership
- Address bottlenecks in titling agencies and land management
- Ensure land tenure security to encourage investments
- Invest in human capital development, including systems for health and education
- Match skills and training to meet businesses and the private sector’s demands
- Improve social protection programs, including the government’s conditional cash transfer program
- Promote science, technology and the creative arts to enhance innovation and creative capacity towards self-sustaining and inclusive development
- Strengthen the Responsible Parenthood and Reproductive Health Law implementation to enable couples to make informed choices on family and financial planning.
According to the statement issued by Dominguez’s transition team, the topics in the agenda emphasize the need to maintain accelerated economic growth while ensuring that the Filipinos are sharing the gains.
It was said to be anchored on the AmBisyon Natin 2040 vision launched in March which aims to triple the per capita income of Filipinos to about $11,000 (P511,225) in 25 years’ time. This also envisions the Philippines as a high-income country through the implementation of the “right” policies as well as improvements on productivity and efficiency.
Incoming DOF spokesperson Paola Alvarez will moderate the meeting with business leaders, which was co-organized by the Mindanao Business Council and the Philippine Chamber of Commerce and Industry.