Secretary Abad's Presentation

70 Pages·2014·1.94 MB·English

Presentation to the Committee on Appropriations
House of Representatives
August 6, 2014
1
OUTLINE
I. Introduction
II. Key Features & Reforms
III. Budget Dimensions
IV. Priority Programs
2
2.6
Php Trillion
Fiscal Year 2015
Proposed National Budget
3
I. Introduction
4
Comparative GDP growth shows Philippines
performing better in recent years
16
14
12
10
7.2
8
6
5.8
5.4
4.7
4 3.9
2.9
2
0
2009 2010 2011 2012 2013
-2
Indonesia Malaysia Philippines
-4
Singapore Thailand Vietnam
5
Credit Rating Upgrades
BB- BBB
in July 2009 in May 2014
Ba3 Baa3
in July 2009 in October 2013
BB BBB-
in May 2009 in March 2014
BBB- BBB
in Mar 2009 in May 2014
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Poverty and Employment
The country’s poverty incidence in terms of
population has registered a decrease falling to 24.9%
in first semester of 2013 from 27.9% and 28.6% in the
first semesters of 2012 and 2009, respectively;
The unemployment rate declined to
7.0% in April 2014 from 7.6% in April 2013*
It would seem that our poverty reduction interventions are
taking effect. This only shows that we need to intensify and
sharpen the focus of such interventions to substantially reduce
poverty.
*Note: unemployment rate excludes Leyte
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II. A Budget for
Inclusive Development:
Features & Key Reforms
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1. Expanding with the Economy
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Key Budgetary Sectors
1. Expanding
(as percent of GDP)
with the
Economy
10