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NEDA: Productivity boost critical for inclusive, sustained economic growth

BY: Catherine Cueto

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In a resolute commitment to the nation’s prosperity, the Philippine government is accelerating the rollout of various initiatives that aim to enhance productivity growth for inclusive and sustainable economic development. 

National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan highlighted these initiatives as he shared his views on possible policy directives that can help shape the Asian Productivity Organization’s (APO) post-2025 vision.  

“Our medium-term development roadmap, the Philippine Development Plan (PDP) 2023-2028, advocates for digitalization, enhanced connectivity, public-private partnerships, strengthening of services ecosystems around manufacturing clusters, and fostering a dynamic innovation ecosystem. It also encourages greater collaboration between national and local government levels. The government is implementing these strategies to enhance productivity across all sectors,” said Balisacan.  

The NEDA chief cited ongoing efforts such as the digitalization of public services through the use of the National ID, strengthening competition and regulation in the telecommunications sector to improve access to productivity tools, and promoting public-private partnership (PPP) projects to leverage the capabilities of the private sector. 

Balisacan added, “We are investing in human capital by improving education, healthcare, and social services. Our goal is to create a truly inclusive society where everyone can participate in and benefit from economic growth. We are building a more enabling and dynamic innovation ecosystem through initiatives that promote skills development, entrepreneurship, R&D, technology adoption, and business process improvement—all of which aim to raise efficiency and competitiveness in the long run.”