In Pursuit of

Inclusive Growth

2011-2016 PUBLIC INVESTMENT PROGRAM (PIP)

Working Draft (as of 31 May 2012)
National Economic and Development Authority 27 November 2012

Outline of Presentation

Formulation of the PIP Economic Impact of the PIP Investment Targets by Theme

Formulation of the Public Investment Program Ensured adherence to national priorities in the PDP Supports the medium-term targets Average of 7-8% real GDP growth rate per year 1 million employment generation per year 22% investment-to-GDP ratio by 2016 16.6% poverty incidence by 2015

Formulation of the Public Investment Program

Underwent participatory process including consultations with line agencies
Identified programs and projects to be implemented by NG and GOCCs/GFIs, funded through National government budget [including proceeds from Official Development Assistance (ODA) loans] ODA grants Public-private partnerships LGU counterpart for NG project

A work in progress to be further refined

Updated along with the PDP

Economic Impact of Infrastructure Investments1

Increase nominal GDP from 2011 to 2016 by an average of PhP 840 billion every year Around 1.7 percentage points of the estimated real GDP growth from 2011 to 2016 is contributed by infrastructure investment From 2011 to 2016, the infrastructure spending is expected to provide between 1 to 2.9 million jobs

on 2011-2016 PIP estimates as of 31 May 2012. It should be noted that the figures assume that the PIP investment targets for hard infrastructure are all realized and that the estimated GDP and employment impact of an infrastructure investment in a particular year may last beyond the year the expenditure was incurred.

1 Based

Investment Targets By Theme Total : P 4,737,125.65 million

Environment and Natural Resources PhP144,035.15M (3.04%) Macroeconomy PhP6,291.90 M (0.13%) Industry and Services Sector PhP37,095.49 M (0.78%) Agriculture and Fisheries Sector PhP868,617.37 M (18.34%)

Peace and Security PhP153,949.28M (3.25%)

Social Development PhP1,408,981.89M (29.74%) Infrastructure Development PhP2,079,595.33M (43.90%)

Governance PhP35,099.17M (0.74%) Financial System PhP3,460.08M (0.07%)

Investment Targets By Theme (in P million, as of 31 May 2012)

Accelerating Infrastructure Development (Chapter 5) Social Development (Chapter 8) Competitive and Sustainable Agriculture and Fisheries Sector (Chapter 4) Peace and Security (Chapter 9) Conservation, Protection of the Environment and Natural Resources (Chapter 10) Competitive Industry and Services Sector (Chapter 3) Governance and the Rule of Law (Chapter 7) Macroeconomic Policy (Chapter 2) Towards a Resilient and Inclusive Financial System (Chapter6) GRAND TOTAL

2,079,595.33 1,408,981.89 868,617.37 153,949.28 144,035.15 37,095.49 35,099.17 6,291.90 3,460.08

4,737,125.65

Funding Source Breakdown 2011-2016 Total : P 4,737,125.65 million

ODA Grants PhP134,510.52M (2.84%) LGUs PhP208,728.33M (4.41%) National Government PhP3,018,864.86 M (63.73%) Private Sector PhP496,942.44M (10.49%) Others PhP48,836.25M (1.03%)

GOCCs/GFIs PhP829,243.24M (17.51%)

In Pursuit of

Inclusive Growth

2011-2016 PUBLIC INVESTMENT PROGRAM (PIP)

Working Draft (as of 31 May 2012)
National Economic and Development Authority 27 November 2012