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Achieving Ambisyon Natin 2040

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Room 1.04, Coombs Extension Building (#8), 8 Fellows Road, ANU

8 Fellows Road

Acton, ACT 2601

Australia

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Speaker:

Ms Desiree Joy Narvaez, Senior Economic Development Specialist, National Economic and Development Authority (NEDA)


Thursday 15 February 1:30-2:30pm

Room 1.04, Coombs Extension Building (#8). 8 Fellows Road, ANU


In 2016, a long-term visioning exercise was conducted by the National Economic and Development Authority (NEDA) with the aim of determining the collective long term aspirations of the Filipino people for themselves and the country. The exercise, comprising of a national survey and several focus group discussions, revealed that the Filipino people aspire to enjoy strongly bonder relationships (Matatag), a comfortable lifestyle (Maginhawa), and a secure future (Panatag). These aspirations are collectively termed Ambisyon Natin 2040.

The Ambisyon Natin 2040 has been translated into strategic developmental goals: that by 2040,

  1. The Philippines will be a prosperous, predominantly middle class society, free from poverty and hunger,
  2. Where people live long and healthy lives,
  3. Are smart and innovative, and
  4. Live in a high-trust society.

Filipinos envision their country as a prosperous middle income country by 2040, with per capita gross national income (GNI) of US$11,000.00, and zero poverty rate. In order to achieve this vision, it is estimated that per capita inome has to grow annually by 5.3%, while the Gini index needs to be reduced by 3% annually. Such a feat requires substantial development and social investment. This presentation offers some scenarios for revenue and public spending necessary to maintain a growth trajectory that will allow the Philippines to achieve Ambisyon Natin 2040, taking into account the various factors that may affect the country's growth trajectory - namely productivity, capital formation, and labor participation.

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Room 1.04, Coombs Extension Building (#8), 8 Fellows Road, ANU

8 Fellows Road

Acton, ACT 2601

Australia

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