The Philippines will focus more on public-private partnerships on infrastructure development in a bid to boost the economy, Malacañang said.
"The administration of President Ferdinand R. Marcos Jr. is eyeing to pursue public-private partnerships (PPPs) on infrastructure development and facilitate the development of local PPP projects in priority sectors to prop up the economy and create jobs," the Palace said in a statement on Wednesday, Dec. 28.
The government will also undertake the programmatic Investment Coordination Committee (ICC) appraisal and programming of major national projects next year, according to the year-end report of the National Economic and Development Authority (NEDA).
It will also finalize the Regional Development Plan (RDP), Public Investment Program (PIP) for 2023-2028, and the Three-year Rolling Infrastructure Plan (TRIP) for 2024-2026.
NEDA plans to steer the implementation of the Philippine Development Plan (PDP) 2023-2028, pursue its advocacy, and monitor the progress of plan implementation vis-à-vis targets.
It also seeks to complete the registration of the 92 million Filipinos aged five and above to the Philippine Identification System (PhilSys) and conduct the Census of Agriculture and Fisheries for Calendar Year 2022 and the 2023 Family Income and Expenditure Survey.
Also included in its plans next year are the adoption of the five-year most favored nation (MFN) Tariff Structure and the passage of the remaining 30 bills in the Legislative-Executive Development Advisory Council (LEDAC) Common Legislative Agenda (CLA) based on the prioritization criteria.