QUEZON City, Philippines – The National Economic Development Authority (NEDA) announced that President Rodrigo Duterte on Tuesday, February 21 has approved the Philippine Development Plan 2017 – 2022 which will serve as the economic blueprint of the Duterte administration.
Included in the plan is the eradication of poverty in rural areas through robust economic growth.
“We want the Philippines to be an upper-middle income country by 2022. With the right policies and with mutual trust between government and the citizenry, this is very possible,” Socioeconomic Planning Secretary Ernesto M. Pernia said.
The PDP also targeted to reduce the unemployment rate from the current 5.5% to 3-5% by 2022.
“By the end of 2022, Filipinos will be closer to achieving their long-term aspirations. Through this PDP, the current administration will lay a solid foundation for inclusive growth, a high-trust society, and a globally-competitive knowledge economy by grounding its development thrusts on malasakit, pagbabago, and patuloy na pag-unlad (care, change, and continued growth),” Pernia said.