Opening Government
Towards Greater Progress
FLORENCIO “BUTCH” B. ABAD
Secretary
Department of Budget and Management
1
2
THE PHILIPPINES: Hailed for—
1.
2.
3.
4.
Budget and forecasting principles
Precision and timeliness of fiscal
objectives
“Impressive framework” for citizen
participation
Macroeconomic forecasts and fiscal
legislation
3
The Philippines: “Sick Man of Asia”
4
Change is afoot!
5
6
Source: Philippine Daily Inquirer
7
8
9
10
Good Governance =
Good Performance
11
“The Philippines is Southeast
Asia’s strong man.”
- Bloomberg
12
12
Robust Economic Growth
P H L G D P G ROW T H FA S T E S T I N A S E A N
13
Robust Economic Growth
( G RO S S D O M E S T I C P RO D U C T )
14
Poverty Reduction
( I N C I D E N C E B Y % O F P O P U L AT I O N , 1 s t S E M E S T E R )
29
28.4
28
27.9
27
25.8
26
24.9
25
24
23
2009
2012
2013
2014
Source: National Statistical Coordination Board (as of 6 March 2015) Note: New methodology for 2013
15
Unemployment and Underemployment
D o w n t o i t s l o we s t r a t e s i n t e n ye a r s ( s i n c e 2 0 0 5 )
16
Revived Investor Confidence
I N V E S T M E N T G R A D E C R E D I T R AT I N G S
Ba3
Baa3
in July 2009
in October 2013
BB-
BBB
in July 2009
in May 2014
BB
BBB-
in May 2009
in March 2014
BB+
BBB-
in Mar 2011
in Sep 2014
17
PPP Projects
per administration
Source: Public Private Partnership Center
6
Total Solicited PPPs under
the RAMOS, ESTRADA
& ARROYO
ADMINISTRATIONS
10
Solicited PPPs
awarded under
AQUINO ADMIN
+ 13 More PPPs
Currently under bidding
+ 2 More PPPs
Negotiated & awarded
18
Foreign Direct Investment
In US$ billion
7
6.20
6
66%
5
4
3.22
increase
3.74
3
2.01
2
1.07
1
0
2010
2011
2012
2013
2014
source: bsp.gov.ph
19
Reduced Debt Burden
Deficit maintained at
2.0 % of GDP
20
Renewed Trust in Public Institutions
21
Improved State of Governance
Third Party Report
2010
Latest
Change
Transparency International 2014
Corruption Perceptions Index
134 / 178
85/175
+49
World Bank 2015 Ease of Doing
Business
144 / 183
World Economic Forum Global
Competitiveness Index 2014-2015
Basic Requirements Sub-Index
Pillar 1: Institutions
Pillar 2: Infrastructure
Heritage Foundation 2015
Economic Freedom Index
(2013: 94/177)
(2013: +40)
95/189
+49
(2014: 108/189)
(2014 +36)
85 / 139
52 / 144
+33
125 / 139
104 / 139
67 / 144
91 / 144
+ 58
+13
76/178
+33
109 / 179
(2014: 89/178)
(2014: +20)
22
Collaboration between
government and citizens
24
The vastness of our
future potential
25
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27
What next?
Who next?
28
Openness towards empowerment
Source: ABS-CBN News
30
Opening Government
Towards Greater Progress
FLORENCIO “BUTCH” B. ABAD
Secretary
Department of Budget and Management