FLORENCIO “BUTCH” B. ABADS e c r e t a r y

D e p a r t m e n t o f B u d g e t a n d M a n a g e m e n t

Opening GovernmentTowards Greater Progress

1

2

3

THE PHILIPPINES: Hailed for—

1. Budget and forecasting principles2. Precision and timeliness of fiscal

objectives3. “Impressive framework” for citizen

participation4. Macroeconomic forecasts and fiscal

legislation

4

The Philippines: “Sick Man of Asia”

5

Change is afoot! 

6

7Source: Philippine Daily Inquirer

8

9

10

11

Good Governance = Good Performance

12

“The Philippines is Southeast Asia’s strong man.”

- Bloomberg12

Robust Economic GrowthPHL GDP GROWTH FASTEST IN ASEAN

13

Robust Economic Growth(GROSS DOMEST IC PRODUCT)

14

Poverty Reduction ( INC IDENCE BY % OF POPUL AT ION , 1 s t SEMESTER)

Source: National Statistical Coordination Board (as of 6 March 2015)

Note: New methodology for 2013

2009 2012 2013 201423

24

25

26

27

28

29 28.427.9

24.9

25.8

15

Unemployment and Underemployment

Down to i ts lowest rates in ten years (s ince 2005)

16

BBB- in March 2014

BBBin May 2014

BBin May 2009

BB-in July 2009

BBB-in Sep 2014

INVESTMENT GRADE CREDIT RATINGS

BB+in Mar 2011

Baa3in October 2013

Ba3in July 2009

Revived Investor Confidence

17

PPP Projectsper administrationSource: Public Private Partnership Center

Solicited PPPs awarded under AQUINO ADMIN106

Total Solicited PPPs under the RAMOS, ESTRADA & ARROYOADMINISTRATIONS

+ 13 More PPPsCurrently under bidding+ 2 More PPPsNegotiated & awarded

18

Foreign Direct Investment

2010 2011 2012 2013 20140

1

2

3

4

5

6

7

1.07

2.01

3.223.74

6.20

Chart Title

source: bsp.gov.ph

66%increase

In US$ billion

19

20

Deficit maintained at 2.0 % of GDP

Reduced Debt Burden

Renewed Trust in Public Institutions

21

Third Party Report 2010 Latest Change

Transparency International 2014 Corruption Perceptions Index

134 / 178 85/175(2013: 94/177)

+49(2013: +40)

World Bank 2015 Ease of Doing Business 144 / 183 95/189

(2014: 108/189)+49

(2014 +36)

World Economic Forum Global Competitiveness Index 2014-2015 Basic Requirements Sub-Index Pillar 1: Institutions Pillar 2: Infrastructure

85 / 139

125 / 139104 / 139

52 / 144

67 / 14491 / 144

+33+ 58+13

Heritage Foundation 2015 Economic Freedom Index 109 / 179 76/178

(2014: 89/178)+33

(2014: +20)

Improved State of Governance

22

24

Collaboration betweengovernment and citizens

24

25

The vastness of our future potential

25

2626

2727

28

What next?Who next?

28

Openness towards empowerment

30

Source: ABS-CBN News

FLORENCIO “BUTCH” B. ABADS e c r e t a r y

D e p a r t m e n t o f B u d g e t a n d M a n a g e m e n t

Opening GovernmentTowards Greater Progress