2013 PHILIPPINES DEVELOPMENT FORUM
February 4-5, 2013
Marco Polo Hotel, Davao City
Cluster Theme: Economic Development
Recommendation No. 1
Challenge
Low Investment Rate and
Lagging Competitiveness
Policy Action and Time Frame
1. Promote Investment and Build Competitiveness
• Continue reducing the costs of doing business by making processes
easier, faster and simpler through the implementation of Philippine
Business Registry (PBR), National Single Window (NSW), Business
Permits and Licensing Systems (BPLS) in local government units (LGUs),
and addressing inconsistencies between national and local laws through
Local Investment and Incentives Codes (LIIC).
• Strengthen property rights and land use policy through the passage of
the National Land Use Bill and consolidate the functions of several land
registration and administration agencies through the Land
Administration Act (LAA).
• Remove barriers to investments by passing the Antitrust Act and
strengthening enforcement, continuing to engage in free trade
agreements (FTAs), and liberalizing restrictions to foreign ownership in
economic sectors to create a level playing field for all firms.
• Promote small and medium enterprises particularly in the tourism and
agribusiness sectors.
 Explore creation of risk sharing/agri fund possibly linked to Agri-Agra
Law
 Scale up provision of shared services for equipment by economic cluster
Role /Support of
Stakeholders
2013 PHILIPPINES DEVELOPMENT FORUM
February 4-5, 2013
Marco Polo Hotel, Davao City
Cluster Theme: __Economic Development_______
Recommendation No. 2
Challenge
Fiscal Space Constraints
Policy Action and Time Frame
2. Responsible and Transparent Fiscal Management
•
Raise
the revenue-to-GDP ratio to create fiscal space to
finance greater spending on priority social sectors and
infrastructure (identified in the social contract) while
maintaining a prudent budget deficit by completing
reform of the BIR, modernizing the BOC including passage
of the Customs Modernization Act, mining taxation
reform, and rationalizing tax incentives including
transparent reporting of tax expenditures.
• Enhance the efficiency and transparency of public
spending to achieve more with less through proactive
liability management and introduction of a treasury single
account (TSA) in 2013, implementation of the government
integrated financial management information system
(GIFMIS) by 2015 and improved fiscal reporting, and a
timely and transparent PPP program to crowd-in private
investment while paying due regard to fiscal risks.
Role /Support of
Stakeholders
DOF, BIR, BTR, DBM and BOC
with support from other
departments.
2013 PHILIPPINES DEVELOPMENT FORUM
February 4-5, 2013
Marco Polo Hotel, Davao City
Cluster Theme: Economic Development
Recommendation No. 3 (For Mindanao)
Challenge
Inadequate financial and
technical support to Mindanao
Policy Action and Time Frame
3. Support Economic Development of Mindanao
• Provide basic infrastructure (e.g. transport, power and irrigation)
in Mindanao and harness its potential through R&D in agriculture
and agra-processing, development of trade and tourism, as well
as maximizing the benefits of world-class mineral deposits
through responsible mining that pays a fair share to the
government and local communities.
• Provide financial and technical support to Mindanao to build
revenue raising and administrative capacity to scale-up social and
infrastructure spending in the region over the medium-term
while providing an immediate support program to combatants
and those affected by the conflict to achieve a peace dividend.
• Address potential impediments to local investment such as the
need for counterpart funds by LGU with revenue constraints as
well as linking investments to sectoral and national strategies.
Role /Support of Stakeholders