'Long-term dev't plan underway'

ABS-CBN News

Posted at Jul 19 2011 07:02 PM | Updated as of Jul 20 2011 03:02 AM

MANILA, Philippines - Socioeconomic Planning Secretary Cayetano Paderanga said the government is readying a long-term development plan that will serve as economic blueprint for the administrations after Benigno Aquino.

“People have been asking for a longer term development plan, thinking that we haven’t thought about it. But we have,” said Paderanga during the 10th Young Economists Convention held at Traders Hotel on June 17 to 18.

Paderanga, director-general of the National Economic and Development Authority, presented the Philippine Development Plan for 2011 to 2016, which adopts an inclusive growth framework.

He said the long-term plan will also focus on inclusive growth.

“We are at the point where we would like to bring along everybody. And this is the reason for the whole concept of inclusive growth. If you can bring citizens along and equip them to participate both in the market and in social interactions, then society would greatly reap social benefits."

“I have actually asked the help of the Philippine Institute for Development Studies (PIDS) and the Philippine Center for Economic Development (PCED) to flesh out the country’s long-term vision for development that would guide the succeeding administrations," he added.

The PIDS, which is one of the seven attached agencies under NEDA, is a government think tank that conducts research for planning and policy formulation. On the other hand, PCED is the foundation that supports the University of the Philippines-School of Economics. PIDS and PCED are currently chaired by Paderanga.