Page 33 - Philippine Development Plan (2017-2022) Abridged Version

5
ENABLING AND

SUPPORTIVE ECONOMIC

ENVIRONMENT

Ensuring sound macroeconomic policy and enhancing market competition will
provide an enabling and supportive economic environment necessary to support
the implementation of the strategies geared towards Pagbabago and Patuloy na
Pag-unlad.

Ensuring Sound Macroeconomic Policy

By 2022, the Philippines will have sustained the high
growth and strong macroeconomic fundamentals it
has gained over the past years. The specific targets are
provided in Table 15.1 of the PDP 2017-2022.

Strategies

Fiscal, monetary, and trade policies will work towards
stability, inclusivity, competitiveness, and resiliency
of the economy.

To attain a responsible, strategic, and supportive fiscal sector
• Improve revenues through reforms in tax policy and administration.
• Increase local sources of local government units' (LGUs) revenue, institute
legislated and non-legislated measures.
• Encourage the private sector to engage in public-private partnership
schemes.
• Increase budget share of social and infrastructure sectors. (See also PDP
Chapter 19)
• Formulate and implement expenditure management reforms.
• Enhance debt management through the Medium-Term Debt Strategy
which entails a proactive stance in the management of the debt portfolio
and adoption of a mix program for borrowing.

Part 5 Enabling and Supportive Economic Environment | 33