2014 Budget Message of President Aquino

Published: July 23, 2013.

Message
of
His Excellency Benigno S. Aquino III
President of te Pili!!ines
to te Sixteent "ongress of te Pili!!ines
on te #ational Budget for $iscal %ear 2014
[July 23, 2013]
Ladies and gentlemen of the 16
th
Congess of the Phili!!ines:
"y the mandate #ested u!on me by the so#eeign $ill of the %ili!ino !eo!le, & ha#e the hono to
submit to you, though the Pesident of the 'enate and the '!ea(e of the )ouse of
*e!esentati#es, the !o!osed +ational "udget fo 201,.
&ur Peo!le's (uest for Pros!erity
-u .ouney on the Daang Matuwid has been beaing fuit.
"e/ause $e !ainsta(ingly sought to estoe !ubli/ tust and /onfiden/e in ou demo/ati/
institutions, ou /ounty has ea/hed ne$ heights that $ee thought of as im!ossible in the e/ent
!ast. &n the !ast thee yeas of ou 0dministation, $e ha#e su//eeded in installing geate
tans!aen/y and a//ountability in !ubli/ institutions1 $e ha#e a/hie#ed /iti/al $ins in so/io2
e/onomi/ efom1 and $e ha#e seen the esugen/e of ou e/onomy in $ays ne#e seen befoe.
3he ne$ !os!eity that ou /ounty has a/hie#ed $as be/ause of the !o$e of tust: tust
bet$een the !eo!le and its go#enment1 tust by the !eo!le in ea/h othe1 and tust in themsel#es
and thei /a!abilities. Dahil sa tiwala, nagawa nating maging posible and dating imposible.
At nagtitiwala tayong higit pa ang makakamtan natin sa patuloy nating pagtahak sa Daang
Matuwid.
4e /ontinue to fa/e im!otant /hallenges as $e !usue ou .ouney in the emaining thee yeas
of ou 0dministation. & belie#e that the foemost tas( that $e ha#e no$ is to futhe dee!en ou
!eo!le5s o$neshi! of ou ne$found !os!eity.
& belie#e that e#ey %ili!ino holds the (ey to his o he o$n !os!eity. -u ole as go#enment is
to futhe em!o$e ou !eo!le in a/tuali6ing thei indi#idual and /olle/ti#e !otential, by laying
the foundations fo e7uitable !ogess1 fo go$th that benefits all and lea#es no one behind. 3his
is $hat $e ha#e been $o(ing on in ou fist thee yeas in offi/e1 and this is $hat $e /ontinue to
fulfill fom no$ until the end of my tem.
Sa pamamagitan ng Paggugol na Matuwid, patuloy nating tatahakin ang Daan sa asaganaan
ng lahat
Ladies and 8entlemen of the 16
th
Congess, this "udget that & submit to you today is a "udget
that su!!ots ou agenda fo &n/lusi#e 9e#elo!ment.
A Budget for Inclusi)e *e)elo!+ent
-n behalf of ou !eo!le, & as( you to e:amine and theeafte a!!o#e this !o!osed P2.26;2
tillion +ational "udget fo 201,.
3his !o!osed "udget is 13.1 !e/ent highe than the /uent yea5s budget of P2.006 tillion. &t
is /onsistent $ith ou ma/oe/onomi/ and fis/al !ogam fo the medium tem. <oe im!otant,
this !o!osed "udget is designed as a tool that $e must ma:imi6e as $e /ontinue to fotify the
foundations fo &n/lusi#e 9e#elo!ment.
3he fame$o( of &n/lusi#e 9e#elo!ment es/he$s the falla/y of =ti/(le do$n,> fo it is about
!omoting the e7uali6ation of o!!otunities fo all, egadless of thei life /i/umstan/es. 'in/e
the beginning of ou tem, $e ha#e o!eated unde the belief that go$th must be o$ned by the
!eo!le1 that ou !eo!le ae em!o$eed to sha!e thei destinies. Consistent $ith this fame$o(,
$e /ontinue to u!hold ou obligation as go#enment to !ut ou !eo!le on an e7ual footing to ta(e
ad#antage of o!!otunities.
3his "udget embodies this lasting /ommitment. %o one, it intensifies ou in#estments in
/a!a/itating ou !eo!le though basi/ se#i/es, su/h as edu/ation and man!o$e de#elo!ment,
ade7uate health/ae, and so/ial !ote/tion se#i/es. 3his "udget also enables us to sustain ou
go$th ta.e/toy in a $ay that !omotes go$th that die/tly and substantially benefits the
lo$est of se/tos.
Ang hanga!in natin" ang mga mamamayan mismo ang lumilikha at magmamay#a!i ng bagong
kasaganaan ng ating bansa. Ang obligasyon natin bilang pamahalaan ay ilagay ang ating mga
kababayan sa patas na tungtungan.
At upang magampanan ang obligasyong ito, kailangan nating maging masigasig sa pagtupad sa
ating sinumpaan sa bayan" kung walang /ou!t, walang mahi!ap.
0t the /oe of &n/lusi#e 9e#elo!ment ae !ubli/ institutions built on stable foundations of good
go#enan/e: tans!aen/y and a//ountability, and ou /iti6en5s a/ti#e !ati/i!ation in state/aft.
3his "udget $as thus designed to hel! us ensue the sustainability and ie#esibility of the
go#enan/e efoms that $e nutued and set in !la/e duing the fist half of ou tem.
4ith this, allo$ me to shae $ith you the !in/i!les and efoms that sha!ed ou Po!osed
"udget fo 201,.
Mo)ing ,o-ard Perfor+ance.Infor+ed Budgeting
3he "udget is a /iti/al tool that $e must haness to stee ou go#enment to$ad &n/lusi#e
9e#elo!ment. )o$e#e, the $ay that ou "udget has been stu/tued though the yeas?fo/used
on the finan/ials and on !ogams and !o.e/ts, $ith no /lea lin( to !efoman/e?does not
addess ou aim to !omote a go#enment attuned to meeting eal out/omes fo the !eo!le.
%o this Po!osed "udget fo 201,, $e emba( on a bold mo#e to /hange the $ay the "udget is
!esented. 4ith the Perfor+ance.Infor+ed Budget Structure, ea/h !eso is no$ !esented
alongside the esults that $e $ant to a/hie#e.
4ith the Pefoman/e2&nfomed "udget 'tu/tue, $e ogani6ed the "udget to efle/t non2
finan/ial !efoman/e infomation alongside the budgetay allo/ations. @a/h !ogam, a/ti#ity,
and !o.e/t that the go#enment s!ends on is lin(ed to the ma.o final out!uts that de!atments
and agen/ies must deli#e a//oding to thei mandates1 and these ae futhe lin(ed to the boad
out/omes that $e ha#e s!elled out in ou de#elo!ment agenda.
3hough this ne$ budget stu/tue, $e ae edefining a//ountability as a /ommitment to deli#e
the die/t, immediate, and substantial di#idends of good go#enan/e to ou !eo!le. 0ll the ma.o
final out!uts of de!atments and agen/ies of go#enment ha#e /oes!onding !efoman/e
indi/atos and tagets that they ae /ommitted to meeting using thei es!e/ti#e budgets.
3he efoms $e nutued ealie in ou tem made this fundamental shift !ossible. 3he
Pefoman/e2&nfomed "udget builds on the -gani6ational Pefoman/e &ndi/ato %ame$o(
and ou e/ent effot to /lealy define the out!uts and !efoman/e indi/atos of ea/h agen/y.
-u ealie effots to !omote a !efoman/e /ultue in the bueau/a/y though the
hamoni6ation of !efoman/e management systems, the intodu/tion of !efoman/e2based
in/enti#es, and the /eation of the -ffi/e of the Cabinet 'e/etay ha#e also !a#ed the $ay fo
the Pefoman/e2&nfomed "udget.
3his ne$ fa/e of the "udget should em!o$e you, the men and $omen of Congess, as you
e:e/ise you o#esight fun/tion on the "udget. Sa huli, sa pamamagitan ng Pefoman/e2
&nfomed "udget, binabago natin ang mukha ng Pambansang "udget pa!a higit na maging
malinaw ang kuwento sa bawat kuwenta.
,igter Budget Prioriti/ation for Inclusi)e *e)elo!+ent
asama sa kuwentong binibigyang#linaw natin ang higit na lumalalim na pananagutan natin
bilang pamahalaan na sigu!uhing nakatutok sa mga susing pangangailangan n gating
mamamayan ang Pambansang "udget.
@alie in ou tem, $e defined the fi#e Pioity 0eas of ou 'o/ial Conta/t $ith the %ili!ino
Peo!le011 and die/ted all de!atments and agen/ies to fo/us thei esou/es and effots to
fulfilling these Pioity 0eas.
1. 3ans!aent, 0//ountable, and Pati/i!atoy 8o#enan/e
2. Po#ety *edu/tion and @m!o$ement of the Poo and Aulneable
3. *a!id, &n/lusi#e, and 'ustained @/onomi/ 8o$th
,. Just and Lasting Pea/e and the *ule of La$
B. &ntegity of the @n#ionment and Climate Change 0da!tation and <itigation
4hen $e assumed offi/e in 2010, $e intodu/ed the Ceo2"ased "udgeting 0!!oa/h to s/ale
do$n funding fo a/ti#ities that $ee not aligned $ith the set !ioities o $ee othe$ise
ineffi/ient, ineffe/ti#e, and faught $ith lea(ages. 4e also intodu/ed the Pogam "udgeting
0!!oa/h to futhe dee!en the le#el of budgetay !ioiti6ation $ithin ea/h !ioity aea of the
'o/ial Conta/t by defining the stategi/ !ogams that had im!a/t on meeting ou de#elo!ment
ob.e/ti#es and should theefoe be !ioiti6ed in budgetay de/ision ma(ing.
&n !e!aing this "udget fo 201,, $e issued a Budget Priorities $ra+e-or2 021 to die/t all
de!atments and agen/ies to design thei es!e/ti#e budget !o!osals along $ith !ogam
!ioities in line $ith the 'o/ial Conta/t and the midtem u!dating of the Phili!!ine
9e#elo!ment Plan. 3his do/ument stemmed fom se#eal dis/ussions at the Cabinet le#el 031 to
define the !ioities that should be funded fo 201, to 2016, !ati/ulaly fo 201,.
3his "udget Pioities %ame$o( also identifies geoga!hi/ fo/us aeas $hee ou !ooest
!eo!le ae and $hee geat !otential lies. 4e ha#e die/ted these de!atments to not only
!ioiti6e thei esou/es fo these !ogams and aeas but also tighten thei /ollaboation in these
aeas fo geate im!a/t.
Better "olla4oration as te #e- Standard in 5o)ern+ent
Sa pagsasakatupa!an ng ating 'o/ial Conta/t, mahalagang sigu!uhin na nagbubuklu!an$at
hindi nagkakanya#kanya$ang bawat institusyon ng ating pamahalaan.
3o build /ollaboation a/oss the !ogam and geoga!hi/al !ioity aeas, $e le#eaged the
Progra+ Budgeting A!!roac $ith the aim of en/ouaging de!atments and agen/ies to mo#e
out of thei silos and synegi6e thei effots in a/hie#ing stategi/ ob.e/ti#es.
3a(e the /ase of the 3ouism 9e#elo!ment Pogam, $hi/h the go#enment has been
ma:imi6ing fo its .ob2geneating and #alue2/eating !otential. 3he 9e!atment of 3ouism5s
lead ole in !omoting domesti/ and intenational touism has been /om!lemented by the out!uts
of othe agen/ies: a//ess infastu/tue to touism destinations1 effi/ient #isa, immigation,
/ustoms, and 7uaantine !o/essing1 the de#elo!ment of !odu/ts and se#i/es, se/uity fo
ta#eles, among othes.
4e fimly belie#e that bette /ollaboation must be the ne$ standad that $e should /ontinue to
u!hold to effe/ti#ely a/hie#e ou so/ietal ob.e/ti#es. 3he go#enment is a !otent /atalyst in
so/iety.
Ena4ling te Pri)ate Sector as Engine of Econo+ic 5ro-t
0s $e do ou !at in establishing the ight en#ionment fo go$th, the !i#ate se/to must
li(e$ise fulfill its ole as engine of e/onomi/ go$th. 3his is $hy, in ou fist thee yeas in
offi/e, $e ha#e been enabling the !i#ate se/to to !efom its ole by /eating the enabling
!oli/y, egulatoy, !oliti/al, and !hysi/al en#ionments.
3he e#i#al of !ubli/ tust in go#enment in ou fist thee yeas in offi/e?gi#en ou
/ommitment to fainess as $ell as to e/onomi/ and !oliti/al stability?bolsteed the !i#ate
se/to5s /onfiden/e in ou e/onomy, lo$eed ou boo$ing /osts, and enabled us to ea/h e/od
highs in e/onomi/ go$th and /om!etiti#eness.
4e ae /ommitted to follo$ing though, fom today u! until the end of ou tem. 3his "udget
embodies this /ommitment. %o one, it is designed to sustain ou medium2tem fis/al !lan to$ad
(ee!ing a fis/al defi/it limit to 2 !e/ent of 89P fom no$ to 2016 and to$ad futhe edu/ing
ou debt sto/( to ,6.; !e/ent of the 89P fom B1 !e/ent in 2012.
3his "udget also su!!ots effots to futhe steamline business !o/esses in ode to ad#an/e ou
/ounty5s /om!etiti#eness. Lastly, this "udget es/alates ou in#estments in !ubli/ goods,
!ati/ulaly in infastu/tue: ou taget is to in/ease go#enment infastu/tue s!ending to fi#e
!e/ent of 89P by 2016.
0t the beginning of ou tem, $e intodu/ed the Pu4lic6Pri)ate Partnersi! !ogam as a
stategy to enti/e !i#ate se/to in#estment in /iti/al !ubli/ infastu/tue and fo the faste
deli#ey of so/ial se#i/es, su/h as the /losue of the long2standing ga! in /lassoom su!!ly. 4e
a/(no$ledge the fa/t that this !ogam en/ounteed delays at the beginning as $e addessed
!oli/y issues and u!dated feasibility studies to ensue the !ogam5s #iability. 4ith /onfiden/e,
$e /an no$ say that the PPP !ogam is no$ mo#ing fo$ad.
& must em!hasi6e that the !i#ate se/to is not only /om!osed of big businesses and foeign
in#estos. 3he !i#ate se/to must in/lude the /ommunities, small ente!eneus, fames and
fishemen, and othe /iti6ens on the gound $hom $e $ant to em!o$e as /o2!odu/es of ou
/ounty5s ne$ $ealth. 4e must li(e$ise su!!ot the effots of those $ho $o( $ith ou !eo!le
on the gound, su/h as mi/ofinan/e institutions, non2go#enment ogani6ations, and enlightened
businesses that ha#e enshined the /eation of =shaed #alue> at the /oe of thei business model.
%ilang pamahalaan, dapat nating kalingain itong bagong balangkas ng pag#unlad na
nagsisimula sa ibaba. 3hough the in#estments $e ma(e using ou "udget, $e ae ado!ting this
ne$ model of $ealth /eation that es/he$s =ti/(le do$n> and emba/es =bottom2u!.>
,rans!arency at te "ore of Effecti)e Pu4lic $inancial Manage+ent
4e belie#e that tans!aen/y is not .ust a by2!odu/t of effe/ti#e !ubli/ finan/ial management.
4e asset that it is at the /oe of !ubli/ finan/ial management, fo it ensues effi/ien/y, s!eed,
!edi/tability, and effe/ti#eness in the use of !ubli/ funds.
&n ou fist thee yeas, $e /aied out and dee!ened efoms that !omoted geate fis/al
tans!aen/y. 4e /ontinued ou $a against un2tans!aent lum!2sum funds that ha#e /aused
anomalies and sluggish !ubli/ s!ending. 4e also mandated all de!atments to dis/lose thei
budgets and finan/es in thei es!e/ti#e $ebsites. 3o date, D6 !e/ent of all de!atments of the
e:e/uti#e ban/h and thei line agen/ies ha#e /om!lied $ith the 3ans!aen/y 'eal !o#ision of
the "udget. 8eate tans!aen/y also means ma(ing infomation a//essible to the !eo!le.
3hough the Peo!le5s "udget !ubli/ations and the %udget&g%ayan.'om ad#o/a/y $ebsite, ou
go#enment has tanslated the "udget in the language of ou /iti6ens.
Last yea, $e announ/ed the mo#e to$ad a Budget.as.7elease.*ocu+ent 7egi+e though the
201, "udget. 3his egime !omotes !edi/tability and s!eed in budgetay eleases, as $ell as in
im!lementation, as the budgets of agen/ies?e:/e!t fo those that need !io /leaan/e, to be
/ontained in a negati#e list?ae /onsideed as eleased as soon as the "udget is ena/ted.
Li(e$ise, $e ha#e olled out im!otant stu/tual efoms to$ad a ne$ P%< egime. %ist, $e
ha#e ado!ted the 8nified Account "ode Structure, $hi/h is the ba/(bone of ou ne$ P%<, to
ensue that all finan/ial !o/esses?fom budgeting to /ash management to a//ounting and audit
?$ill follo$ a single /lassifi/ation system. -u !o!osed 201, "udget $as /afted using this
stu/tue.
&n 201,, $e $ill stat the im!lementation of anothe im!otant efom: the ,reasury Single
Account, $hi/h $ill in.e/t moe tans!aen/y and !edi/tability in teasuy /ash management.
4ith this efom, some D,B00 agen/y ban( a//ounts $ill be /onsolidated into a highly
manageable numbe by 201,. 3his !o#ides go#enment $ith /lea #isibility on the ban(
balan/es of agen/ies on a daily basis. Eltimately, this $ill lead to sa#ings of about P1.B to 3
billion fom inteest /osts on boo$ings.
3hese efoms $ill su!!ot anothe ambitious P%< efom, $hi/h $e intend to /om!lete by
2016: an integated Pu4lic $inancial Manage+ent Syste+, $hi/h $ill automate and s!eed u!
the !o/essing and flo$ of funds and finan/ial management infomation $ithin go#enment.
E+!o-ering te "iti/enry ,roug te Budget
3he "udget is not only fo the !eo!le: $e asset that it is, fist and foemost, o$ned by the
!eo!le. 3hough efom, $e see( to em!o$e ou !eo!le to ta(e o$neshi! of the "udget and to
meaningfully ta(e !at in the budget !o/ess.
&n the fist thee yeas of ou 0dministation, $e .um!stated and nutued elationshi!s $ith
efom2oiented sta(eholdes, $hi/h in/lude /i#il so/iety ogani6ations FC'-sG, /ommunity2
based ogani6ations and the !i#ate se/to. 4e then intodu/ed ne$ me/hanisms fo /iti6en
!ati/i!ation in the budget !o/ess.
4e intodu/ed the !o/ess of Budget Partnersi! Agree+ents F"P0sG bet$een go#enment
agen/ies, /o!oations, and C'-s and !iloted it in /afting the 2012 "udget. &n this !o/ess,
go#enment agen/ies and C'- !atnes ente into a fomal !atneshi! in the e#ie$ of the
agen/ies5 budgets, !ogams, and !o.e/ts as $ell as in the /afting of thei budget !o!osals fo
the follo$ing fis/al yea. %om the !ilot stage in $hi/h "P0s $ee im!lemented in si: agen/ies
and /o!oations, the numbe of agen/ies that ha#e "P0s in/eased to 1B duing the /afting of
the 201, "udget.
4e also sought to /eate a die/t =#oi/e and #ote> fo /iti6ens?though thei /ommunities and
lo/al go#enments?in /afting the "udget. 4e !iloted the Botto+.8! Budgeting !o/ess in
/afting the 2013 "udget by tas(ing the !ooest muni/i!alities and /ities to de#elo! lo/al !o#ety
edu/tion !ogams and !o.e/ts in /onsultation $ith thei /ommunities and the C'-s in thei
lo/alities. 3his led to P;., billion in !o#ety edu/tion !o.e/ts, de#elo!ed by BDB /ities and
muni/i!alities, $hi/h $ee integated into the 2013 "udget.
%o 201,, the !o/ess $as e:!anded to 1,226 /ities and muni/i!alities $ith !o#ety in/iden/e of
at least 20 !e/ent, $ith high e/onomi/ !otential, and $ith ba!angays e:!osed to high geo2
ha6ad is(s. 0s a esult, the eama(ed amount fo "u" in the 201, "udget $as in/eased to
P20 billion to /o#e the minimum basi/ needs fo ele/tifi/ation, !otable $ate, edu/ation,
health, taining, li#elihood o!!otunities, and the !ote/ti#e se#i/es of these lo/al go#enment
units FL8EsG.
(pinagkatiwala po sa atin ng mga mamamayan ang kapangya!ihang ating tangan. At na!a!apat
lang na gamitin natin ang kapangya!ihang ito pa!a higit pang palakasin ang kanilang boses sa
p!oseso ng pamamahala.
&)er)ie- and *i+ensions of te 2014 Budget
3his !o!osed 201, "udget is 13.1 !e/ent o P262.1 billion highe than the 2013 budget. &t is
e7ui#alent to 1H !e/ent of the /ounty5s 89P. <oe im!otant, $e ha#e su//essfully /hanged
the /om!le:ion of the "udget $ith ou detemined im!lementation of ou 'o/ial Conta/t $ith
the %ili!ino Peo!le.
,e Budget 4y Sector. &n 201,, the 'o/ial 'e#i/es se/to $ill /ontinue to ha#e the lagest shae
of the "udget at P;,2.; billion as $e e:!and so/ial !ote/tion and basi/ so/ial se#i/es to
in/easingly benefit ou !oo.
,a4le 19 ,e Budget 4y Sector
PA7,I"8:A7S
:e)els 0P!
Billion1
Percent
Sare
"ange
2013.2014
2013
Progra+
2014
Pro!ose
d
2013 2014
A+ountPercent
'o/ial 'e#i/es 6DD., ;,2.; 3,.D 3H.2 1,3., 20.B
@/onomi/
'e#i/es
B0D.2 BD0.2 2B., 26.0 ;1.0 1B.D
8eneal Publi/
'e#.
3,H.3 36,.B 1H.3 16.1 1H.2 B.0
9ebt 'e#i/e 333.D 3B2.H 16.6 1B.B 1;.; B.6
9efense ;D.B D2.D ,.B ,.1 3.3 3.H
+et Lending 26.B 2B.0 1.3 1.1 F1.6G FB.;G
,otal 2;00<.= 2;2>?.0 100.
0
100.
0
262.1 13.1
3his allo/ation is follo$ed by that fo @/onomi/ 'e#i/es at PBD0.2 billion as $e !omote
touism, agibusiness, and manufa/tuing to sustain ou e/onomi/ go$th ta.e/toy. &nteest
Payments $ill ha#e a lo$e shae of P3B2.H billion o 1B.B !e/ent fom 20 !e/ent in 2010 as
$e a/ti#ely edu/e ou fis/al defi/it and debt le#els.
Budget 4y Ex!ense "lass. "e/ause of ou intensified budgetay fo/us on !o#ety edu/tion and
e/onomi/ e:!ansion, $e in/eased <aintenan/e and -the -!eating @:!enses F<--@G by 16.B
!e/ent to P3HB.3 billion to su!!ot ou human de#elo!ment and so/ial !ote/tion !ogams.
4e also in/eased the budget fo &nfastu/tue by 3B.B !e/ent to P3DD., billion, 041 $hi/h is
e7ui#alent to 3 !e/ent of 89P. 3his allo/ation $ill !a#e the $ay fo the in/ease in
infastu/tue s!ending to B !e/ent of the 89P in 2016.
,a4le 29 ,e 2014 Budget 4y Ex!ense "lass
PA7,I"8:A7S
:e)els 0P!
Billion1
Percent
Sare
5ro-t
7ate
Percent of 5*P
2013
Progra+
2014
Pro!ose
d
2013 2014
2013 2014
13.14 Progra+
Pro!ose
d
CE**@+3
-P@*03&+8
@IP
1,B6D.1 1,H32., )*.2 )+., 10., 13.2 13.0
Pesonnel
'e#i/es
6,0.6 6;D., 31.- 30., ).+ .., ..2
<aintenan/e J
-the -!@:
31D.0 3HB.3 1..- 1+.. 1).+ 2.) 2.*
'ubsidy
F*egulaG
6.D 1,.D 0.3 0.) 11+.3 0.1 0.1
0llotment to
L8Es
2,1.; 2H3.2 12.1 12.0 13.0 2.0 2.0
&nteest Payments 333.D 3B2.H 1+.+ 1... ..+ 2.* 2.+
3a: @:!enditue
%und
26.D 26.D 1.3 1.2 # 0.2 0.2
C0P&30L
-E3L0K' FC-G
,10.3 B10.H 20.. 22.. 2,.. 3., 3.*
&nfastu/tue
-utlay
2D,.H 3DD., 1,.) 1).+ 3... 2.. 3.0
-the C- HH.0 6B.; 3.* 2.- /1,..0 0.+ 0..
@7uity 2.0 3.; 0.1 0.2 *-.) 0.0 0.0
Ca!ital 3ansfes
to L8Es
31.6 36.6 1.+ 1.+ 1..- 0.3 0.3
C0*P2 Land
-$ne5s
Com!ensation
B.0 B.0 0.2 0.2 # 0.0 0.0
+@3 L@+9&+8 26.B 2B.0 1.3 1.1 /..*0 0.2 0.2
3-30L 2,00B.D 2,26;.0 100.
0
100.
0
13.1 1+.* 1).0
&ominal 1DP 11,-1,.. 13,33+.)
Budget of te ,o! 10 *e!art+ents. *efle/ting the thust on &n/lusi#e 9e#elo!ment and the
stategy to a/hie#e it, the to! ten agen/y budgets ae as follo$s:
,a4le 39 ,o! ,en *e!art+ents
PA7,I"8:A7S
2013
P7&57AM
2014
P7&P&SE*
57&@,H
7A,E
:EAE:
7A#B
:EAE:
7A#B 0P!
Billions1
0P!
Billions1
9e!@d
Fin2l.MP%3 and
S%P0
2D3., 1L 1 336.D 1L 1 1,.D
9P4) /in2l.
%S1' G
1B2., 2L 2 213.B 2 ,0.1
9&L8 /in2l.
MP%3 and P130
121.; 3 13B., 3 11.2
9+9 /in2l.
MP%3 and P130
121.6 , 123.1 , 1.2
9-) /in2l.
MP%3, 435P
and %S1' G
BD.D 3L 6 ;H.1 3L B ,B.B
90 /in2l. %S1' G HB.0 B ;0.H 6 H.6
9'49 B6., H HD.0 H ,0.0
9-3C /in2l.
MP%3, P13 and
%S1' G
3H.1 ; ,;.H ; 31.,
9@+* /in2l.
MP%3 and P130
23.H D 23.D D 0.D
90* 21., 11 20., 10 F,.DG
&otes"16 1!oss o7
S%P
26 &et o7 S%P
and 435P
36 1!oss o7
435P
8egend"
MP%3# Mis2ellaneous Pe!sonne %ene7its
3und
S%P# S2hool %uilding P!og!am
P13# Pension and 1!atuity 3und
%S1'# %udgeta!y Suppo!t to 1o9e!nment
'o!po!ations
435P# 4ealth 3a2ilities 5nhan2ement
P!og!am
0llo/ated $ith P336.D billion, the 9e!atment of @du/ation F9e!@dG $ill again ha#e the lagest
!at in the budget. 3hough the yeas, $e ha#e steadily in/eased the budget fo 9e!@d to /lose
the /iti/al ga!s in the su!!ly of tea/hes, /lassooms and othes that $e ha#e inheited1 and to
!e!ae fo in/eased needs bought about by the M212 basi/ edu/ation efom !ogam.
0lso in the 3o! 10 ae othe !emie so/ial se#i/e agen/ies: the 9e!atment of )ealth, $ith
P;H.1 billion to !usue Eni#esal )ealth Cae, !ati/ulaly fo !e#enti#e health/ae se#i/es and
fo health insuan/e /o#eage fo 1,.H million !oo nea2!oo families1 and the 9e!atment of
'o/ial 4elfae and 9e#elo!ment, $ith PHD billion to deli#e meaningful so/ial !ote/tion
se#i/es, !ati/ulaly the e:!anded P62.62billion Pantawid Pamilyang Pilipino !ogam that $ill
benefit ,.,, million indigent households.
&n laying the gound$o( fo futhe go$th, the 9e!atment of Publi/ 4o(s and )igh$ays
F9P4)G, as the infastu/tue am of the go#enment, $ill e/ei#e the se/ond lagest budget. &ts
,0.12!e/ent budgetay in/ease to P213.B billion in 201, $ill enable 9P4) to meet its national
oads and bidges tagets and su!!ot the go$th of (ey se/tos su/h as touism.
@/onomi/ se#i/e deli#ey agen/ies $hi/h li(e$ise belong to the 3o! 10 ae: the 9e!atment of
0gi/ultue, $ith P;0 billion to aise !odu/ti#ity in agi/ultue and im!o#e the in/omes of
fames and fishe fol(1 the 9e!atment of 3ans!otation and Communi/ations, $ith P,;.H
billion to /onstu/t the ai!ots, sea!ots and ail$ays needed to im!o#e the /om!etiti#eness of
industies1 and the 9e!atment of 0gaian *efom, $ith P20., billion to /om!lete the agaian
efom !ogam.
$inancing te Ex!enditure Plan
3he Phili!!ine e/onomy has ea/hed un!e/edented heights. &n the fist 7uate of 2013, ou
e/onomy ge$ the fastest in 0sia at a ate of H.; !e/ent. 4e ae /onfident that $e $ill meet, if
not out!a/e, ou go$th tagets of 6.0NH.0 !e/ent fo 2013 and 6.BNH.B !e/ent fo 201,. -u
inflation, inteest, and foeign e:/hange ates should emain stable.
,a4le 49 Macroecono+ic Assu+!tions; 201262014
Para+eter 2012
Actual
2013 2014
*eal 89P 8o$th
FOG
6.; 6.02H.0 6.B2H.B
&nflation %oe/ast
FOG
3.2 3.02B.0 3.02B.0
36,29ay 32bill *ate
FOG
2.0 1.023.0 2.02,.0
%-*@I FPhPLE'PG ,1.2 ,12,3 ,12,3
-u stable ma/oe/onomi/ fundamentals $ill allo$ us to a/hie#e ou fis/al /onsolidation goals,
to$ads a defi/it that is e7ui#alent to 2 !e/ent of 89P fom this yea to 2016. %o 201,, $e $ill
a/hie#e this by in/easing e#enues by 1B.6 !e/ent to P2.02 tillion.
,a4le <9 #ational 5o)ern+ent $iscal Progra+
Particulars :e)els Percent of 5*P 5ro-t

2013
Progra+
2014
Pro!ose
d
2013 2014 2013.
2014
7e)enues 1;C4<.= 2;01?.1 14.C 1<.1 1<.>
3a: 1,60H.D 1,;HD.D 13.B 1,.1 16.D
o.w. %(: 1,2.3.) 1,,.+.3 10.. 10.- 1+.2
%;' 3,0.0 ,0*.1 2.- 3.1 20.0
+on23a: 136.0 136.1 1.1 1.0 0.1
o.w. %<: (n2ome .).) .+.2 0.. 0., /2.+0
Pi#ati6ation 2.0 2.0 0.0 0.0 2
*is4urse+ents 1;=?3.= 2;2?4.3 1>.C 1C.1 1<.1
Cuent
-!eating @:!.
1,BB;.B 1,H36.B 13.1 13.0 11.,
o.w. (nte!est
Payments
332.2 3.2.) 2.* 2.+ +.2
Ca!ital -utlays
FC-G
,10.D B22.D 3., 3.D 2H.3
o.w.
(n7!ast!u2tu!e
2--., ,1*.2 2.. 3.1 3-.)
+et Lending 1,.B 2B.0 0.1 0.2 H2.1
Sur!lusD0*eficit1 023?.01 02>>.21 02.01 02.01 11.=
Memo (tem"
1DP
11,-1,.
.
13,33+.
)
Paggugol na Matu-id9 *aan sa Basaganaan
Matutunghayan natin na ang %adyet na ito ay maglalatag ng pundasyon pa!a sa kasaganaan ng
bawat Pilipino.
4e $ant to lea#e behind this lega/y: a tansfomed go#enment, a /a!a/itated !eo!le, an
in/lusi#e e/onomy, and a bette nation. & /annot o#eem!hasi6e my dee! /ommitment to laying
the foundation that $ill ensue the eali6ation of this lega/y.
'u/h is the goal of this 201, +ational "udget, a "udget fo &n/lusi#e 9e#elo!ment, a national
e:!enditue !ogam that builds on the ne$ !os!eity $e ha#e /eated fo ou /ounty in the
!ast thee yeas.
-u esteemed ladies and gentlemen of the 16
th
Congess, as you authoi6e this !o!osed "udget
fo fis/al yea 201,, & in#ite you to /ommit $ith us in ou effots to eali6e this lega/y. &
en/ouage you to loo( at this "udget $ith the $ill to ena/t the same $ith s!eed and esol#e so
that ou !eo!le /an be on the oad to !os!eity. Let this "udget fo &n/lusi#e 9e#elo!ment
enable us to tuly se#e ou !eo!le $ho ga#e us ou mandate. 3hey ae the eason $hy $e ae all
hee.
4alina=t sama#sama nating tahakin ang tuwid na landas tungo sa kasaganaan ng lahat.
&t is in this light that & as( you, the men and $omen of Congess, to e:amine and e#entually
a!!o#e this !o!osed "udget fo fis/al yea 201,.
&n the s!iit of Peo!le Po$e,
BE#I5#& S. A(8I#& III
Pesident of the Phili!!ines
End #otes9
1. @:e/uti#e -de +o. ,3, 'eies of 2011, issued on 13 <ay 2011.
2. +ational "udget <emoandum +o. 11;, issued on 2B 0!il 2013.
3. Led by the -ffi/e of the Cabinet 'e/etay, the 9e!atment of "udget and <anagement
and the +ational @/onomi/ and 9e#elo!ment 0uthoity.
,. 3he total amount fo infastu/tue in/ludes national go#enment agen/ies5 budgets fo
infastu/tue, subsidies fo go#enment /o!oations fo thei infastu/tue !o.e/ts, and
infastu/tue tansfes to lo/al go#enment units.
3his enty $as !osted in "udget <essages, )istoi/al Pa!es J 9o/uments, <essages.
"oo(ma( the !emalin(.

Sare on social +edia
+o elated enties.
Stay u! to date -it your go)ern+ent.
'ubs/ibe +o$
More fro+ te Briefing 7oo+
9%0 de/laes alet le#el 2 fo E(aine
'tatement of the 9e!atment of %oeign 0ffais on the situation in E(aine
0id fo Kolanda2hit fishemen hauls in P1.H"
90 tuns o#e fishing im!lements to Cambales fishemen
0teneo su!!ots 9'495s sustainable li#elihoods fo Panta$id Pamilya benefi/iaies
B1 9-L@ offi/es get high an(ing in the 0nti2*ed 3a!e 0/t
9-L@ baes moe females /etified fo s(ills in 2013
9-L@ announ/es gaduation .ob fais stating <a/h
9'49 to !otestes: +o need fo #iolen/e. 4e ae eady to tal(.
9-L@ ad#ises 1H2 -%4s in E(aine to stay !ut
9-L@: @m!loyes $ho fail to install safety de#i/es liable to !ay 2BO of em!loyee5s
lum! sum in/ome benefit
"aldo6 to 9-L@ offi/es: 'ti! you do/uments of .agon
A4out te &fficial 5a/ette online
3he -ffi/ial 8a6ette is managed and maintained by the Pesidential Communi/ations
9e#elo!ment and 'tategi/ Planning -ffi/e and P*@8&+@3.
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dissemination. 3he effe/ti#ity of la$s, egulations, and issuan/es stat 1B days, unless othe$ise
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ne$s!a!es of geneal /i/ulation as mandated by the 0dministati#e Code of 1D;H and
@:e/uti#e -de +o. 200, s. 1D;H.
Arci)es
Sections
Accounting Standards Updates (Updated: January 2014)
3he full te:t of the %0'" do/uments listed belo$ /an be do$nloaded by thei /oes!onding
lin(s.
Copyright Notice for FASB Pronouncements Listed Below
Co!yight Q by %inan/ial 0//ounting %oundation. 0ll ights ese#ed. Content /o!yighted by
%inan/ial 0//ounting %oundation may not be e!odu/ed, stoed in a etie#al system, o
tansmitted, in any fom o by any means, ele/toni/, me/hani/al, !hoto/o!ying, e/oding, o
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$o( of the Enited 'tates 8o#enment.

FlNAL DOCUMENT
DATE
lSSUED EFFECTlVE DATES
Accounting Standards Updates
Update No. 20l4-05Service
Concession Arrangements (Topic
853) (a consensus of the FASB
Emerging lssues Task Force)
[Download]
January
20l4
Effective for a public business entity for annual
periods, and interim periods within those
annual periods, beginning after December l5,
20l4. For an entity other than a public business
entity, the amendments are effective for annual
periods beginning after December l5, 20l4,
and interim periods within annual periods
beginning after December l5, 20l5. Early
adoption is permitted.
Update No. 20l4-04
ReceivablesTroubled Debt
Restructurings by Creditors
(Subtopic 3!"#!)$
Reclassi%ication o% Residential
Real &state Collaterali'ed
Consumer (ortgage )oans upon
*oreclosure (a consensus of the
FASB Emerging lssues Task
Force)
[Download]
January
20l4
Effective for public business entities for annual
periods, and interim periods within those
annual periods, beginning after December l5,
20l4. For entities other than public business
entities, the amendments in this Update are
effective for annual periods beginning after
December l5, 20l4, and interim periods within
annual periods beginning after December l5,
20l5.
Update No. 20l4-03Derivatives
and +edging (Topic 85)$
Accounting %or Certain Receive"
,ariable- .ay"*i/ed 0nterest Rate
S1apsSimpli%ied +edge
Accounting Approac2 (a
consensus of the Private
Company Council)
[Download]
January
20l4
The simplified hedge accounting approach, if
elected, should be applied retrospectively to
certain types of swaps using either a modified
retrospective approach or a full retrospective
approach, in annual periods beginning after
December l5, 20l4, and interim periods within
annual periods beginning after December l5,
20l5. Early application is permitted for any
period for which the entity's financial
statements have not yet been made available
for issuance.
Update No. 20l4-020ntangibles
3ood1ill and 4t2er (Topic
35!)$ Accounting %or 3ood1ill (a
January
20l4
The accounting alternative, if elected, should
be applied prospectively to goodwill existing as
of the beginning of the period of adoption and
consensus of the Private
Company Council)
[Download]
new goodwill recognized in annual periods
beginning after December l5, 20l4, and
interim periods within annual periods beginning
after December l5, 20l5. Early application is
permitted, including application to any period
for which the entity's annual or interim financial
statements have not yet been made available
for issuance.
Update No. 20l4-0l
0nvestments&5uity (et2od and
6oint ,entures (Topic 373)$
Accounting %or 0nvestments in
8uali%ied A%%ordable +ousing
.ro9ects (a consensus of the
FASB Emerging lssues Task
Force)
[Download]
January
20l4
Effective for public business entities for annual
periods and interim reporting periods within
those annual periods, beginning after
December l5, 20l4. For all entities other than
public business entities, the amendments are
effective for annual periods beginning after
December l5, 20l4, and interim periods within
annual reporting periods beginning after
December l5, 20l5. Early adoption is
permitted.
Update No. 20l3-l2De%inition
o% a .ublic :usiness &ntityAn
Addition to t2e (aster 3lossary
[Download]
December
20l3
There is no actual effective date for the
amendment in this Update. However, the term
public business entity will be used in the 20l4
Accounting Standards Updates on, 0ntangibles"
3ood1ill and 4t2er (Topic 35!)$ Accounting %or
3ood1ill, and Derivatives and +edging (Topic
85)$ Accounting %or Certain Receive",ariable-
.ay"*i/ed 0nterest Rate S1aps" Simpli%ied
+edge Accounting Approac2, which are the first
Updates that will use the term public business
entity.
Update No. 20l3-lllncome
Taxes (Topic 740): .resentation
o% an ;nrecogni'ed Ta/ :ene%it
<2en a =et 4perating )oss
Carry%or1ard- a Similar Ta/ )oss-
or a Ta/ Credit Carry%or1ard
&/ists (a consensus of the FASB
Emerging lssues Task Force)
[Download]
July 20l3 Effective for fiscal years, and interim periods
within those years, beginning after December
l5, 20l3. For nonpublic entities, the
amendments are effective for fiscal years, and
interim periods within those years, beginning
after December l5, 20l4. Early adoption is
permitted.
Update No. 20l3-l0Derivatives
and +edging (Topic 85)$
0nclusion o% t2e *ed *unds
July 20l3 The amendments are effective prospectively for
qualifying new or redesignatedhedging
relationships entered into on or after July l7,
&%%ective S1ap Rate (or
4vernig2t 0nde/ S1ap Rate) as a
:enc2mar> 0nterest Rate %or
+edge Accounting .urposes (a
consensus of the FASB Emerging
lssues Task Force)
[Download]
20l3.
Update No. 20l3-09*air ,alue
(easurement (Topic 87!)$
De%erral o% t2e &%%ective Date o%
Certain Disclosures %or =onpublic
&mployee :ene%it .lans in
;pdate =o? 7!"!#
[Download]
July 20l3 The deferral in this amendment is effective
upon issuance for financial statements that
have not been issued.
Update No. 20l3-08*inancial
Services0nvestment
Companies (Topic @#A)$
Amendments to t2e Scope-
(easurement- and Disclosure
Re5uirements
[Download]
June 20l3 Effective for an entity's interim and annual
reporting periods in fiscal years that begin after
December l5, 20l3. Earlier application is
prohibited.
Update No. 20l3-07
.resentation o% *inancial
Statements (Topic 7!5)$
)i5uidation :asis o% Accounting
[Download]
April 20l3 Effective for entities that determine liquidation
is imminent during annual reporting periods
beginning after December l5, 20l3. Early
adoption is permitted.
Update No. 20l3-06=ot"%or"
.ro%it &ntities (Topic @58)$
Services Received %rom
.ersonnel o% an A%%iliate (a
consensus of the FASB Emerging
lssues Task Force)
[Download]
April 20l3 Effective prospectively for fiscal years
beginning after June l5, 20l4, and interim and
annual periods thereafter. A recipient not-for-
profit entity may apply the amendments using a
modified retrospective approach under which
all prior periods presented upon the date of
adoption should be adjusted, but no adjustment
should be made to the beginning balance of net
assets of the earliest period presented. Early
adoption is permitted.
Update No. 20l3-05*oreign
Currency (atters (Topic 83!)$
.arentBs Accounting %or t2e
Cumulative Translation
March 20l3 Effective prospectively for fiscal years (and
interim reporting periods within those years)
beginning after December l5, 20l3. For
nonpublic entities the amendments in this
Ad9ustment upon Derecognition
o% Certain Subsidiaries or 3roups
o% Assets 1it2in a *oreign &ntity
or o% an 0nvestment in a *oreign
&ntity (a consensus of the FASB
Emerging lssues Task Force)
[Download]
Update are effective prospectively for the first
annual period beginning after December l5,
20l4, and interim and annual periods
thereafter.
Update No. 20l3-04)iabilities
(Topic #!5)$ 4bligations
Resulting %rom 6oint and Several
)iability Arrangements %or <2ic2
t2e Total Amount o% t2e
4bligation 0s *i/ed at t2e
Reporting Date (a consensus of
the FASB Emerging lssues Task
Force)
[Download]
February
20l3
Effective for fiscal years, and interim periods
within those years, beginning after December
l5, 20l3. For nonpublic entities, the
amendments are effective for fiscal years
ending after December l5, 20l4, and interim
periods and annual periods thereafter.
Update 20l3-03*inancial
0nstruments (Topic 875)$
Clari%ying t2e Scope and
Applicability o% a .articular
Disclosure to =onpublic &ntities
[Download]
February
20l3
Effective upon issuance.
Update 20l3-02
Compre2ensive 0ncome (Topic
77!)$ Reporting o% Amounts
Reclassi%ied 4ut o% Accumulated
4t2er Compre2ensive 0ncome
[Download]
February
20l3
For public entities, the amendments are
effective prospectively for reporting periods
beginning after December l5, 20l2. For
nonpublic entities, the amendments are
effective prospectively for reporting periods
beginning after December l5, 20l3. Early
adoption is permitted.
Update 20l3-0l:alance S2eet
(Topic 7!)$ Clari%ying t2e Scope
o% Disclosures about 4%%setting
Assets and )iabilities
[Download]
January
20l3
An entity is required to apply the amendments
for fiscal years beginning on or after January l,
20l3, and interim periods within those annual
periods. An entity should provide the required
disclosures retrospectively for all comparative
periods presented. The effective date is the
same as the effective date of Update 20ll-ll.
Update No. 20l2-07
&ntertainment*ilms (Topic
@7A)$ Accounting %or *air ,alue
October
20l2
For SEC filers, the amendments are effective
for impairment assessments performed on or
after December l5, 20l2. For all other entities,
0n%ormation T2at Arises a%ter t2e
(easurement Date and 0ts
0nclusion in t2e 0mpairment
Analysis o% ;namorti'ed *ilm
Costs (a consensus of the FASB
Emerging lssues Task Force)
[Download]
the amendments are effective for impairment
assessments performed on or after December
l5, 20l3. The amendments resulting from this
lssue should be applied prospectively. ln
addition, earlier application is permitted,
including for impairment assessments
performed as of a date before October 24,
20l2, if, for SEC filers, the entity's financial
statements for the most recent annual or
interim period have not yet been issued or, for
all other entities, have not yet been made
available for issuance.
Update No. 20l2-05Statement
o% Cas2 *lo1s (Topic 73!)$ =ot"
%or".ro%it &ntities$ Classi%ication o%
t2e Sale .roceeds o% Donated
*inancial Assets in t2e Statement
o% Cas2 *lo1s (a consensus of
the FASB Emerging lssues Task
Force)
[Download]
October
20l2
Effective prospectively for fiscal years, and
interim periods within those years, beginning
after June l5, 20l3. Retrospective application
to all prior periods presented upon the date of
adoption is permitted. Early adoption from the
beginning of the fiscal year of adoption is
permitted. For fiscal years beginning before
October 22, 20l2, early adoption is permitted
only if an NFP's financial statements for those
fiscal years and interim periods within those
years have not yet been made available for
issuance.
Update No. 20l2-04Tec2nical
Corrections and 0mprovements
[Download]
October
20l2
The amendments in this Update that will not
have transition guidance will be effective upon
issuance for both public entities and nonpublic
entities. For public entities, the amendments
that are subject to the transition guidance will
be effective for fiscal periods beginning after
December l5, 20l2. For nonpublic entities, the
amendments that are subject to the transition
guidance will be effective for fiscal periods
beginning after December l5, 20l3.
Update No. 20l2-0l+ealt2
Care &ntities (Topic @5#)$
Continuing Care Retirement
CommunitiesRe%undable
Advance *ees
[Download]
July 20l2
For public entities (including conduit bond
obligors), the amendments in this Update are
effective for fiscal periods beginning after
December l5, 20l2. For nonpublic entities, the
amendments in this Update are effective for
fiscal periods beginning after December l5,
20l3. Early adoption is permitted.
Update No. 20ll-ll
:alance S2eet (Topic 7!)$
Disclosures about 4%%setting
Assets and )iabilities
[Download]
December
20ll
Effective for annual reporting periods beginning
on or after January l, 20l3, and interim periods
within those annual periods. An entity should
provide the disclosures required by those
amendments retrospectively for all comparative
periods presented.
Update No. 20ll-l0.roperty-
.lant- and &5uipment (Topic
3A!)$ Derecognition o% in
Substance Real &statea Scope
Clari%ication (a consensus o% t2e
*AS: &merging 0ssues Tas>
*orce)
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December
20ll
The amendments in this Update should be
applied on a prospective basis to
deconsolidation events occurring after the
effective date. Prior periods should not be
adjusted even if the reporting entity has
continuing involvement with previously
derecognized in substance real estate entities.
For public entities, the amendments in this
Update are effective for fiscal years, and
interim periods within those years, beginning on
or after June l5, 20l2. For nonpublic entities,
the amendments are effective for fiscal years
ending after December l5, 20l3, and interim
and annual periods thereafter. Early adoption is
permitted.
Update No. 20ll-064t2er
&/penses (Topic C7!)$ *ees .aid
to t2e *ederal 3overnment by
+ealt2 0nsurers (a consensus o%
t2e *AS: &merging 0ssues Tas>
*orce)
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July 20ll Effective for calendar years beginning after
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1 24th Feb l4
Statement of Sec. Balisacan at the First Management Association of the Philippines (MAP) Economic
Briefing for 2014
8ood moning. %ist of all, & $ould li(e to than( the <anagement 0sso/iation of the Phili!!ines
F<0PG fo in#iting me again in its 8eneal <embeshi! <eeting. &t is my !leasue to !esent the
!ogess, /hallenges, and outloo( of the Phili!!ine e/onomy in this meeting and <0P5s %ist
@/onomi/ "iefing fo 201,. 3his is also to !o#ide you an o#e#ie$ of the Phili!!ine
9e#elo!ment Plan <idtem E!date $hi/h s!ells out the go#enment5s oadma! fo in/lusi#e
go$th. & $ill begin by...
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1 1
24th Feb l4
Imports slightl !ecline !"e to lo#er capital goo!s in $ec. 201%
<0+&L0 N Lo$e !ayments fo /a!ital goods edu/ed me/handise im!ots by 0.1 !e/ent in
9e/embe, a//oding to the +ational @/onomi/ and 9e#elo!ment 0uthoity F+@90G. =0fte
!osting fou /onse/uti#e months of !ositi#e go$th fom 0ugust to +o#embe 2013, the #alue of
im!oted /a!ital goods e/oded a double2digit de/line of 2D.B !e/ent in 9e/embe 2013,> said
@/onomi/ Planning 'e/etay 0senio <. "alisa/an. 3his /aused o#eall s!ending fo
me/handise im!ots to de/ease to E'PB.2D billion in 9e/embe 2013, slightly lo$e than...
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1 1
l6th Feb l4
Statement of Economic Planning Secretar Arsenio M. Balisacan !"ring the press conference at
Malaca&an Palace
'303@<@+3 @C-+-<&C PL0++&+8 '@C*@30*K 0*'@+&- <. "0L&'0C0+ P*@''
C-+%@*@+C@ <ala/aRan Pala/e %eb. 1H, 201, 8ood aftenoon. & am hee today to dis/uss
about the e/onomy, its !ogess and /hallenges, and $hat the go#enment is doing to ensue that
e/onomi/ go$th mateially im!o#es the li#es of the geatest numbe of ou !eo!le. 3his is also
by $ay of !o#iding you an o#e#ie$ of the Phili!!ine 9e#elo!ment Plan <idtem E!date
$hi/h s!ells out the go#enment5s oadma! fo in/lusi#e go$th. Let me...
,e Pili!!ine Econo+y 20149 $earless $orecast
P>% 'hai!man :obe!to de ;2ampo, deli9e!ed his 7ea!less 7o!e2ast o7 the Philippine e2onomy
du!ing the %ases 'on9e!sion and De9elopment Autho!ity 1!oup=s %oa!d Meeting held last
De2embe! ,, 2013. <his 7o!e2ast was 7i!st p!esented to the publi2 at the Philippine 3utu!isti2s
So2iety=s 'on7e!en2e held last &o9embe! 22.
,e Pili!!ine Econo+y 20149 $earless $orecast
, 9e/embe 2013
"ases Con#esion and 9e#elo!ment 0uthoity
'!ee/h of 9. *obeto %. de -/am!o, -"@
Chaiman, "oad of 0d#isos
*%- Cente fo Publi/ %inan/e J *egional @/onomi/ Coo!eation
0 #ey !leasant aftenoon to all of you hee at "C90.
A. 7e)ie- of $earless $orecast 2013
<y fealess 89P foe/asts fo 2012 and 2013 affimed the go#enment5s sustained go$th
tagets of B to 6 !e/ent and 6 to H !e/ent, es!e/ti#ely. -n the ba/( of a stong domesti/
e/onomy, the Phili!!ines out!efomed its 'outheast 0sian neighbos in 2012 $ith a bette than
e:!e/ted go$th of 6.; !e/ent. 0nd $ith manufa/tuing, /onstu/tion, and finan/ial se#i/es,
the /ounty /ontinued to do so in the fist thee 7uates of 2013 at a faste !a/e of H., !e/ent.
4hile & mentioned last yea that -%4 emittan/es $ould /ontinue to fuel !i#ate s!ending, & had
missed mention of ele/tion2elated s!ending fo this yea. %om being a =si/( man of 0sia,> the
Phili!!ines has no$ be/ome a ne$ tige, a ising sta, o a bight s!ot among emeging
e/onomies in the $old. %oe/ast estimates afte the su!ety!hoon Kolanda5s de#astation !la/e
full yea 2013 89P go$th $ithin 6.; !e/ent to H.2 !e/ent, $hi/h still falls $ithin the u!!e
end of the go#enment5s taget.
&n tems of the e:/hange ate, it futhe a!!e/iated to P)P,1.0BLE'P1 in end22012 on a//ount
of ising foeign e:/hange inflo$s into the sto/( ma(et in 9e/embe 2012 as against
e:!e/tations of ea/hing P)P,2LE'P $ith the li(elihood of /uen/y a!!e/iation.
<oody5s has been ight on ta/( $ith its outloo( that & had /ited. 3he Phili!!ines is =!oised to
e/od a /ombination of faste go$th, lo$e inflation ... and an in/ease in foeign e:/hange
ese#es.> 0 yea late, ou /ounty ta(es !ide in ha#ing eaned thee ma.o in#estment gade
/edit atings as a esult of im!o#ed fis/al health, esulting in moe a//ess fo lo/al /om!anies
to /hea!e boo$ings to finan/e thei e:!ansion. Last -/tobe 3, <oody5s u!gaded the
/ounty5s "a1 /edit ating to "aa3 $ith a !ositi#e outloo(. 3his $as !e/eded by %it/h as $ell
as 'tandad and Poo5s $hi/h u!gaded Phili!!ine so#eeign /edit atings to """ minus $ith
stable outloo(, es!e/ti#ely, last <a/h 2H and <ay 2. <oeo#e, Ja!an Cedit *ating 0gen/y
aised the /ounty5s /edit ating to """ $ith a stable outloo( fom """ minus $ith a !ositi#e
outloo( last <ay H. %uthemoe, Ja!an *ating and &n#estment &nfomation ele#ated its outloo(
on Phili!!ine debt fom """ minus $ith a stable outloo( to """ minus $ith a !ositi#e outloo(
last 0ugust 2.
4ith these !ositi#e de#elo!ments, the Enited +ations Confeen/e on 3ade and 9e#elo!ment
FE+C309G has e/ently /ited the Phili!!ines among the to! 20 !efeed in#estment
destinations by tansnational /o!oations fo 20132201B. 0s & ha#e mentioned last yea, the
/ounty /ontinues to lag behind in tems of %9& le#el inflo$s among its 0'@0+ neighbos.
E+C309, ne#etheless, e!ots the Phili!!ines as aleady ha#ing the se/ond fastest2go$ing
%9& inflo$s in 'outheast 0sia, ising 10.D !e/ent to E'P2.2 billion in the fist semeste of 2013.
%uthemoe, the Phili!!ines a/hie#ed the most signifi/ant bea(though as its ease of doing
business an(ing .um!ed 30 ste!s to 10;th s!ot out of 1;D e/onomies, !ushed lagely by
im!o#ements in esol#ing insol#en/y, getting /edit, and !aying ta:es, in the 4old "an(2
&ntenational %inan/e Co!oation5s 9oing "usiness 201, e!ot and o#etoo( &ndonesia and
Cambodia. 4e gi#e /edit to the /om!etiti#eness game!lan being im!lemented by the !ubli/2
!i#ate se/to +ational Com!etiti#eness Coun/il $ith a tas( fo/e in ode to ea/h the to! thid
an(ing among the most /om!etiti#eness /ounties in the $old by 2016.
<oeo#e, the Phili!!ines has aleady ad#an/ed 26 !la/es fom no. ;B in 2010 to no. BD out of
1,; /ounties in 2013 in tems of the 8lobal Com!etiti#eness &nde: of the 4old @/onomi/
%oum, efle/ting e:/ellent inno#ation and stong institutional en#ionments and its /om!etiti#e
ad#antages in ma/oe/onomi/ en#ionment, finan/ial ma(et de#elo!ment, ma(et si6e, and
business so!histi/ation. <ean$hile, in the 4old Com!etiti#eness Keaboo( 2013 of the
&nstitute fo <anagement and 9e#elo!ment, the Phili!!ines li(e$ise !osted im!o#ements in
o#eall /om!etiti#eness, ising fi#e !la/es to no. 3; out of 60 /ounties, ba/(ed by !ositi#e
de#elo!ments in e/onomi/ !efoman/e, go#enment effi/ien/y, and business effi/ien/y. 3hee
is no doubt that the /ounty5s sustained global /om!etiti#eness !efoman/e no$ est on solid
e/onomi/ fundamentals.
B. $earless $orecast for 2014
Loo(ing fo$ad to 201,, -e ex!ect 5*P gro-t at te lo- end of te go)ern+ent's >.< to
C.< !ercent target, /lose to the a#eage of 89P foe/asts thus fa fo 201, at 6.3O. 09"
!o.e/ted 6.1 !e/ent1 4old "an(, 6.H !e/ent1 and the &<% ga#e a lo$e foe/ast of B !e/ent.
'tandad and Poo5s e:!e/ts Phili!!ine 89P to e:!and by 6 !e/ent to 6.B !e/ent, $hile
<oody5s ga#e a highe estimate of 6.B !e/ent to H !e/ent. 'ome of these e:!e/tations ha#e
ta(en into a//ount the effe/ts of this yea5s ty!hoons on the domesti/ e/onomy ne:t yea. &t
emains to be seen $hethe the obust and abo#e tend go$th momentum of the Phili!!ine
e/onomy at abo#e H !e/ent in the !e#ious fi#e /onse/uti#e 7uates /ould be sustained o
tho$n off ta/(.
%om the outloo( on out!ut, $e tun to unem!loyment. ,e Eo4less rate could range fro+ a
lo- of C !ercent as it -as in 2012 to as ig as C.3 !ercent in te first tree quarters of
2013.
Closely /oelated to unem!loyment is inflation. In 2014; eadline inflation is ex!ected to rise
to -itin te 3 !ercent to < !ercent target range of monetay authoities, due in !at to a
$ea(ening !eso. Pi/es of al/ohol and toba//o !odu/ts $ill ise fo the se/ond staight yea
beginning Januay 1, 20, to futhe dis/ouage /onsum!tion of so2/alled sin !odu/ts. <oeo#e,
as a esult of /o! damages fom e/ent ty!hoons, e:!e/t highe !i/es, !ati/ulaly of basi/ food
items, ne:t yea. -n the monetay side, the $ithda$al of '90 a//ounts ha#e .ust shifted to
ban( de!osits, afte go$th in domesti/ li7uidity ose to abo#e 30 !e/ent as of the thid 7uate
of 2013.
3he a#ailability of funds fo lending in the finan/ial system in tun !ushed shot2tem inteest
ates /lose to 6eo. -n the fis/al side, the national go#enment has !ogammed to /ontain its
fis/al defi/it to 2 !e/ent of 89P in 2013 and 201, fom 2.3 !e/ent in 2012. 4ith a !ubli/
/lamoing fo geate a//ountability and tans!aen/y in the disbusement by the go#enment of
dis/etionay funds, the taget on the national go#enment defi/it /an !ossibly be bette met, but
!ubli/ s!ending on infastu/tue ne/essay fo go$th /ould fa/e futhe delays.
4ith egad to the e:/hange ate, te !eso.dollar rate -ill continue to o)er a4o)e P43D8S1,
ta(ing into a//ount de#elo!ments aboad, !ati/ulaly on !os!e/ts and stength of the E'
e/onomi/ e/o#ey. <ean$hile, &$@ re+ittances are ex!ected to reac 8SF22 4illion next
year as o#eseas $o(es aise funds aboad to /ontibute donations fo the #i/tims of
su!ety!hoon Kolanda.
". Bey "allenges for 2014
3he fist /hallenge is e/o#eing the Pesident5s leadeshi! influen/e. Pesident 07uino has
aleady !assed the mid!oint of his administation this yea. "y 201B, Congess $ill de#ote mu/h
of its attention to !e!aations fo the <ay 2016 !esidential, senatoial, /ongessional and lo/al
ele/tions. 8i#en ou taditionally shot !oliti/al attention s!an, he fa/es a eal !ossibility of being
#ie$ed as a lamedu/( leade. )e may ha#e a moe /hallenging time !usuing his efom agenda
$ith Congess. &t doesn5t hel! mu/h that he has been /iti/i6ed in some 7uates on the handling
of elief effots in 3a/loban City afte su!e ty!hoon Kolanda, his initial stand on Pioity
9e#elo!ment 0ssistan/e %und, his defense of the legality of the 9isbusement 0//eleation
Pogam, and the un/onstitutionality of !o( bael funds, not to mention ising food inflation
sin/e -/tobe, led by a s!i(e in i/e !i/es. &t is ho!ed that he /ould still boun/e ba/( in tems of
!ubli/ !e/e!tion and ensue an odely !oliti/al tansition in 2016. & emain o!timisti/ that he
/an.
3he se/ond /hallenge is a//eleating in/lusi#e go$th. 8o#enment5s thin( tan(, the Phili!!ine
&nstitute fo 9e#elo!ment 'tudies, bluntly de/laed its (ey finding last -/tobe: =8o$th has not
been in/lusi#e.> %uthemoe, =!o#ety and ine7uality emains high.> 0nd ne:t month, $e
e:!e/t +@90 to elease the Phili!!ine 9e#elo!ment Plan E!date, $hi/h $ill lay do$n se/to
and aea s!e/ifi/ oadma!s fo .ob /eation and in/lusi#e go$th, in/luding a fame$o( fo
human de#elo!ment.
3he Phili!!ine 9e#elo!ment Plan o P9P en#isions an annual 89P go$th of H !e/ent to ;
!e/ent fom 2011 to 2016, geneating at least one million in ne$ em!loyment ea/h yea. "ased
on the 9e!atment of "udget and <anagement5s do/ument /alled the "udget of @:!enditues
and 'ou/es of %inan/ing fo 201,, unem!loyment ate should go do$n fom H !e/ent in 2012
to 6.; !e/ent in 2013, 6.H !e/ent in 201,, 6.6 !e/ent in 201B, and 6.B !e/ent in 2016. )en/e,
!o#ety in/iden/e in the Phili!!ines, as set unde the <illennium 9e#elo!ment 8oals should be
bought do$n to 16.6O of the !o!ulation by 201B.
"ut as the /ounty5s 89P go$th a//eleated to 6.;O in 2012 fom 3.6O in 2011,
unem!loyment ate emained at H !e/ent, its /om!onent youth unem!loyment baely slo$ed
do$n to 16.2 !e/ent fom 16.3 !e/ent, undeem!loyment ate ose to 20 !e/ent fom 1D.3
!e/ent, and net ne$ .obs geneated fell to 0.,2 million fom 1.16 million. &n the fist semeste of
2012, !o#ety in/iden/e $as at 2H.D !e/ent. <ean$hile, in Caaga egion, touism a/ti#ities
bought in/lusi#e go$th as undeem!loyment do!!ed to 23 !e/ent in 0!il 2012 fom 2D
!e/ent in 0!il 2011.
&nstead of in/lusi#e go$th, the $hole /ounty seemed to ha#e e:!eien/ed .obless o e#en .ob2
(illing go$th. +@90 9ie/to28eneal 0senio "alisa/an e:!lains, ho$e#e, that the !esent
s(ills of the $o(fo/e =may not be able to mat/h the go$ing and shifting demand fo labo>
$hi/h esults in highe unem!loyment ates =at /etain !oints in the tansfomation !o/ess.>
"esides, a//oding to the "ueau of Labo and @m!loyment 'tatisti/s, thee is a /lose lin(
bet$een 89P go$th and go$th in full2time em!loyment and a /lose lin( bet$een
undeem!loyment and !o#ety in/iden/e. -n the bighte side, labo !odu/ti#ity go$th !i/(ed
u! to B.H !e/ent in 2012 afte bottoming out fom 0., !e/ent in 2011.
%o the 4old "an(, to a//eleate in/lusi#e go$th means =e:!anding fomal se/to em!loyment
e#en faste $hile a!idly aising the in/omes of those infomally em!loyed.> "y 2016, the 4old
"an( estimates 12., million %ili!inos unem!loyed, undeem!loyed, and $o(ing in the infomal
se/to. 3he 0sian 9e#elo!ment "an( /alls fo manufa/tuing to be ein#igoated to /eate .obs
sin/e the se#i/es se/to /annot absob all the unem!loyed.
&nteestingly, the 4old @/onomi/ %oum5s most e/ent 8lobal 0genda su#ey e#eals thee
inteelated issues out of the to! 10 tends fo 201,. 3hese ae $idening in/ome dis!aities,
!esistent stu/tual em!loyment, and diminishing /onfiden/e, !ati/ulaly among the youth, in
e/onomi/ !oli/ies.
3he thid /hallenge is u!gading infastu/tue. 0//oding to the 8lobal Com!etiti#eness *e!ot
20132201,, the Phili!!ines is the only 0'@0+ /ounty $hee inade7uate su!!ly of
infastu/tue has emeged as the to! !oblemati/ fa/to fo doing business, dislodging
/ou!tion, $hi/h has histoi/ally been the biggest dag to ou /ounty5s /om!etiti#eness.
&n/identally, 3ans!aen/y &ntenational has .ust announ/ed that the Phili!!ines im!o#ed its
an(ing in the Cou!tion Pe/e!tion &nde: to no. D, out of 1HH /ounties fom no. 10B. 3uning
ba/( to infastu/tue, 4@% $ans that the /ounty /annot emain /om!la/ent gi#en the die
stait of its tans!ot infastu/tue, at no. ;,, es!e/ially $ith es!e/t to ai!ot, at no. 113, and
sea!ot, at no. 116. 0mong ten 0'@0+ e/onomies, the Phili!!ines, at no. D6, is only ahead of
Cambodia and <yanma in tems of o#eall infastu/tue.
3o /at/h u! $ith the est of the egion, the go#enment5s e/onomi/ manages ha#e !ogammed
futhe in/eases in !ubli/ s!ending on infastu/tue fom 2.B !e/ent of 89P to B !e/ent of
89P in 201B. 3his is /onsistent $ith the Phili!!ine 9e#elo!ment Plan stategy of massi#e
in#estment in infastu/tue.
4ith the !o!osed P2.2H tillion 201, national budget !ending in the Congess, esou/es may
still be e!ogammed fo the ehabilitation of damaged !ubli/ fa/ilities and the /onstu/tion of
/limate /hange esilient stu/tues in the Aisayas that ha#e been affe/ted by this yea5s disastes
and natual /alamities. 8i#en that the Pioity 9e#elo!ment 0ssistan/e %und has been de/laed
un/onstitutional by the 'u!eme Cout, the P1,.6 billion su!!lemental 2013 budget measue
should also be !assed by Congess $ithout delay to a//eleate e/onstu/tion a/ti#ity.
&t has been e!oted that only fi#e Publi/2Pi#ate Patneshi! !o.e/ts /ould be /om!leted by
2016. Just last month. the +@90 "oad a!!o#ed se#en infastu/tue !o.e/ts, $hi/h in/lude
<*3 H and L*3 Line 1 +oth and 'outh @:tension Po.e/ts. 0nothe one of these is the ne$
!assenge teminal !o.e/t fo the <a/tan2Cebu &ntenational 0i!ot, $hose $inning bidde is
s/heduled to be announ/ed this month. 4ith egad to the Cla(2+0&0 ai!ot system, the matte
has aleady been submitted fo de/ision by the Pesident. 3hese ai!ot !o.e/ts ae ne/essay so
intenational #isito ai#als /an ea/h the +ational 3ouism 9e#elo!ment Plan tagets of 6.;
million in 201,, ;.2 million in 201B, and 10 million in 2016S 4ill the ne/essay infastu/tue
fa/ilities be in !la/e in time fo the 4old @/onomi/ %oum5s @ast 0sia 'ummit in 201, and the
0P@C Leades5 'ummit in 201BS
3he fouth /hallenge is atta/ting in#estments. 8oss domesti/ /a!ital fomation o in#estments
as a shae to 89P has been shin(ing fom 20.B !e/ent in 2010 to 1;.H !e/ent in the fist thee
7uates of 2013. Clealy, in#estments as a !o!otion of the domesti/ e/onomy has been mo#ing
fathe a$ay fom the taget 22 !e/ent shae to 89P in 2016 unde the P9P.
%uthemoe, the 4old @/onomi/ %oum5s su#ey sho$s that !e/e!tion on the business im!a/t
of ules on %9& in the Phili!!ines has deteioated fom no. 6D to no. ;6.
0side fom hamoni6ing the annual &n#estment Pioities Plan $ith industy oadma!s and
timming do$n the %oeign &n#estments +egati#e List, it is no$ high time to o!en u! the
e/onomy to moe foeign e7uity !ati/i!ation by emo#ing the esti/ti#e e/onomi/ !o#isions of
the 1D;H Constitution to sustain the go$th of domesti/ e/onomy. &t $ill also affod the /ounty
the o!!otunity to .oin negotiations fo the high 7uality E'2led 3ans Pa/ifi/ Patneshi!
ageement that /ould bing in moe #olume of tade and in#estments into the /ounty.
3he fifth (ey /hallenge is !e!aing fo egional integation. -n 9e/embe 31, 201B, the 0'@0+
@/onomi/ Community o 0@C $ill be laun/hed. 0@C $ill tansfom the egion into a single
ma(et and a single !odu/tion base $ith fee flo$ of goods, se#i/es, in#estments, /a!ital, and
s(illed labo. 3hee $ill be t$el#e !ioity se/tos, namely, ago2based !odu/ts, ai ta#elLai
tans!ot, automoti#e, e20'@0+, ele/toni/s, fisheies, health/ae, ubbe2based !odu/ts,
te:tiles and a!!ael, touism, $ood2based !odu/ts, and logisti/s. 0s of 0!il 2013, ;0 !e/ent of
measues unde the 200H 0@C "lue!int ha#e aleady been im!lemented. 4ith the fast2
a!!oa/hing deadline, /hallenges lie in the aea of /onne/ti#ity, national legislation, and
dis!aities in the le#el of e/onomi/ de#elo!ment among 0'@0+ membe states.
0nd among the bills ele#ant to 0'@0+ $hi/h is !ending befoe Congess is the /eation of a
Com!etition Commission that $ill im!lement /om!etition !oli/y effe/ti#ely a/oss diffeent
se/tos of the e/onomy. &n this egad, $e must ta(e note $ith ugen/y that the Phili!!ines an(s
ne:t to <yanma at the bottom among 10 0'@0+ e/onomies in 2013 in tems of effe/ti#eness
of anti2mono!oly !oli/y.
&n <a/h 2013, H; !e/ent of senio business e:e/uti#es !olled by <a(ati "usiness Club said
thei /om!anies ae !e!aing to ta(e the /hallenges and o!!otunities offeed by 0@C. 0t the
same time, only 6, !e/ent belie#e the /ounty is !e!aed at !esent fo egional integation.
3he +e$ Ko(2based thin( tan(, the Confeen/e "oad, had a se!aate su#ey $hi/h identified
the /hallenges fa/ing Phili!!ine /om!anies as a esult of dee!ening integation of the 0'@0+
/ommunity. %ist, geate /om!etition foLshotage of management talent. 'e/ond, etention
/hallenges be/ause of fee mo#ement of labo. 3hid, in/eased /om!etition fom fee tade. 0nd
fifth, meeting unifom 7uality standads fo !odu/ts and se#i/es.
-n the othe hand, the 0'@0+ 'e/etaiat says 0@C $ill o!en u! geate o!!otunities fo
businesses and industies to a/hie#e e/onomies of s/ale, $hi/h $ill aise !odu/ti#ity and at the
same time edu/e /ost of !odu/tion and esult in moe /om!etiti#ely !i/ed goods. 0@C $ill
also bing in moe tade and in#estments that $ill en/ouage ente!eneushi! and inno#ation in
!odu/ts and se#i/es so /onsumes /an ha#e bette #aiety, 7uality, and effi/ien/y.
3he si:th /hallenge is the !assage of the feedom of infomation bill. -ne of the !ending
measues that failed to !ass into la$ in the 1Bth Congess is the %eedom of &nfomation bill,
$hi/h /ould ha#e /om!lemented the efoms im!lemented by the 07uino administation to
!omote tans!aen/y, a//ountability, and good go#enan/e a/oss all go#enment agen/ies.
&n tems of tans!aen/y in go#enment !oli/yma(ing, the Phili!!ines is an(ed by the 4old
@/onomi/ %oum at no. D2, behind 'inga!oe, <alaysia, "unei 9aussalam, and &ndonesia but
ahead of 3hailand, Lao P9*, Cambodia, Aietnam, and <yanma.
3he !assage of the %-& bill in the 16th Congess $ill ensue a le#el and tans!aent !laying field
fo ente!ises, $hi/h, in tun, $ill en/ouage faste e:!ansion of ou industies and /ontibute to
in/lusi#e go$th.
%inally, as $e loo( fo$ad to the yea ahead, my ho!es un high that the "C90 8ou! $ill
/ontinue to !lay a stategi/ ole in addessing ou biggest !oblem fo doing business in the
/ounty today. "y de#elo!ing $old2/lass toll$ays, intenational ai!ots and sea!ots, ou
/ounty $ill atta/t foeign in#estments, !ati/ulaly in the manufa/tuing se/to, that $ill
geneate moe !odu/ti#e .obs and ma(e ou e/onomy5s go$th in/lusi#e.
3han( you.
-the PA" +e$s
%o any 7uestions o /laifi/ations, !lease /all:
<i(e Ailla2*eal
Ai/e2Pesident
Co!oate Communi/ations and <a(eting 'e#i/es 9e!t.
3el: D02216H0
@mail: m/#illaealT#eteansban(./om.!h
http://www.veteransbank.com.ph/20l3news-l7.html
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The world in figures: Countries
Pili!!ines
Nov l8th 20l3 | From The World ln 20l4 print edition

5*P gro-t9 6.6O

5*P !er ead9 P2,H60 FPPP: P,,620G
Inflation9 3.3O
Budget 4alance 0G 5*P1 21.B
Po!ulation9 10H.Hm
3he !esident, "enigno 07uino, has been buoyed by a stong sho$ing in the 2013 geneal
ele/tion and by a bustling e/onomy. )e $ill !ess ahead $ith his agenda, in/luding tansfes to
the !oo, .ob2/eating industial de#elo!ment and bette infastu/tue though !ubli/2!i#ate
!atneshi!s. *ising dis!osable in/omes $ill fuel the dominant se#i/e se/to, and %ili!inos
$o(ing aboad $ill maintain the tide of emittan/es that (ee!s the /ounty flush $ith dollas.
8o$th $ill emain healthy.
Related topics
Philippines
Benigno Aquino
%om 3he 4old &n 201, !int edition
http://www.economist.com/news/2l588994-philippines?
zid=306&ah=lbl64dbd43b0cb27ba0d4c3bl2a5e227
http://nscb.gov.ph/pressreleases/20l3/PR-20l304-NSl-04_poverty.asp
Pess *elease
Po)erty incidence uncanged;
as of first se+ester 2012H#S"B
F+'C"2P*220130,2+'120,, Posted 23 0!il 2013G
0 0 0 'hae on !int U 9is/uss
3he +ational 'tatisti/al Coodination "oad F+'C"G eleases its latest e!ot today on the state
of !o#ety in the /ounty. 3he e!ot? using data fom the %amily &n/ome and @:!enditue
'u#ey F%&@'G /ondu/ted by the +ational 'tatisti/s -ffi/e F+'-G last July 2012N measued
!o#ety in/iden/e o the !o!otion of !eo!le belo$ the !o#ety line to the total !o!ulation.
&n a !ess biefing, +'C" 'e/etay 8eneal Jose *amon 8. 0lbet e!ots that !o#ety
in/iden/e among !o!ulation $as estimated at 2H.D !e/ent duing the fist semeste of 2012.
Com!aing this $ith the 2006 and 200D fist semeste figues estimated at 2;.; !e/ent and 2;.6
!e/ent, es!e/ti#ely, !o#ety emained un/hanged as the /om!uted diffeen/es ae not
statisti/ally signifi/ant.
Food and poverty thresholds
3he e!ot !oints out that duing the fist semeste of 2012, a %ili!ino family of fi#e needed PhP
B,,B; to meet basi/ food needs e#ey month and Ph! H,;21 to stay abo#e the !o#ety theshold
Fbasi/ food and non2food needsG e#ey month. 3hese es!e/ti#e amounts e!esent the food and
!o#ety thesholds, $hi/h in/eased by 11.1 !e/ent fom the fist semeste of 200D to the fist
half of 2012, /om!aed to the 26.0 !e/ent2in/ease bet$een the 1st semestes of 2006 and
200D.
3he food theshold is the minimum in/ome e7uied by an indi#idual to meet hisLhe basi/ food
needs and satisfy the nutitional e7uiements set by the %ood and +utition *esea/h &nstitute
F%+*&G, $hile emaining e/onomi/ally and so/ially !odu/ti#e. Put anothe $ay, the food
theshold hel!s measue food !o#ety o =subsisten/e,> $hi/h may also be des/ibed as e:teme
!o#ety.
Po#ety theshold is a simila /on/e!t, but in/o!oates basi/ non2food needs, su/h as /lothing,
housing, tans!otation, health, and edu/ation e:!enses, among othes.
Poverty among Filipino families
3he +'C" also eleases statisti/s on !o#ety among families?a /u/ial so/ial indi/ato that
guides !oli/y ma(es in thei effots to alle#iate !o#ety.
0//oding to the e!ot, the subsisten/e in/iden/e, $hi/h e!esents the !o!otion of %ili!ino
families in e:teme !o#ety, $as estimated at 10.0 !e/ent duing the fist semeste of 2012. 0t
10.0 !e/ent in the fist semeste of 200D and 10.; !e/ent in the fist half of 2006, the
diffeen/es among these thee figues emain statisti/ally insignifi/ant.
&n tems of !o#ety in/iden/e among families, the +'C" estimates a ate of 22.3 !e/ent duing
the fist semeste of 2012, and 23., !e/ent and 22.D !e/ent duing the same !eiods in 2006 and
200D, es!e/ti#ely.
Estimated cost of eradicating poverty
3he +'C" also eleases othe !o#ety2elated statisti/s, su/h as the in/ome ga!. 3his measues
the amount of in/ome e7uied by the !oo in ode to get out of !o#ety, in elation to the
!o#ety theshold itself. 3his may be used as a hy!otheti/al ben/hma( fo the amount needed to
eadi/ate !o#ety as a $hole, assuming e:!enses ae fo/used solely on assistan/e athe than on
tageting /osts Fsu/h as o!eations and im!lementationG.
&n othe $ods, using figues fo the in/ome ga! and the !o#ety theshold, the +'C" estimates
the total /ost of !o#ety eadi/ation Fe:/lusi#e of tageting /ostsG is Ph! HD.H billion fo the fist
semeste of 2012. &t should be noted that the budget of the 9e!atment of 'o/ial 4elfae and
9e#elo!ment F9'49G fo the CC3 $as Ph! 3D., billion fo the entiety of 2012.
More frequent release of poverty statistics
3he elease of the latest offi/ial !o#ety statisti/s is a ema(able milestone fo the /ounty. &n
!e#ious yeas, offi/ial !o#ety statisti/s $ee only eleased e#ey thee yeas, and usually $ith a
one2yea time lag fom the yea $hen the %&@' data $as fist /olle/ted. )o$e#e, stating this
yea, !o#ety statisti/s $ill be a#ailable in t$o seies fo e#ey yea in $hi/h the %&@' is
/ondu/ted?on/e, fo the fist semeste and se/ondly, fo the entie yea.
&n 0ugust 2012, 9ie/to 8eneal 0senio "alisa/an of the +ational @/onomi/ and 9e#elo!ment
0uthoity F+@90G suggested to the +'C" and the +'- to e:amine %&@' data fo the fist
semeste of 2012 and elease it as 7ui/(ly as !ossible. 3his is /onsistent $ith ealie effots and
dis/ussions of the 3C Po#'tat and the +'C" to es!ond to the go$ing need fo moe fe7uent
and timely !o#ety statisti/s.
0lbet says that the +'C"?along $ith !atne institutions su/h as the +'-, the "ueau of
0gi/ultual 'tatisti/s F"0'G and the membes of the 3C Po#'tat N am!ed u! the estimation and
!ubli/ation s/hedule to ma(e this !ossible, $hile ensuing data 7uality and a//ua/y.
)e ho!es that, though this initiati#e , the Phili!!ine 'tatisti/al 'ystem, !ati/ulaly the +'C",
$ill be able to deli#e a /leae, moe ele#ant and moe u!2to2date sna!shot of !o#ety in the
Phili!!ines to hel! !oli/yma(es and sta(eholdes ali(e Ffom both the !ubli/ and !i#ate
se/tosG /aft infomed !ogams and !oli/ies based on timely and a//uate statisti/s.

*a+i ng +aira! sa Pili!inas; -alang !ag4a4ago +ula first se+ester ng 200> at first
se+ester ng 2012 . #S"B
0#S"B.P7.201304.#S1.04; Posted 23 A!ril 20131
&nilabas ngayong aa$ ng +ational 'tatisti/al Coodination "oad F+'C"G ang !ina(ahuling ulat
tung(ol sa bilang ng mga mahihia! sa ating bansa mula sa mga po9e!ty lines na sinu(at ng
+'C" at sa mga datos na (inala! hango sa %amily &n/ome and @:!enditue 'u#ey F%&@'G, na
isinaga$a ng +ational 'tatisti/s -fi/e F+'-G noong July 2012. <ula ito, sinu(at ang po9e!ty
in2iden2e o bahagdan ng ating !o!ulasyon na (umi(ita nang mababa sa po9e!ty line.
'a isang !ess biefing, iniulat ni +'C" 'e/etay 8eneal Jose *amon 8. 0lbet na halos tatlo
sa sam!ung Pili!ino ang mahia! noong unang semeste! ng taong 2012. 0ng po9e!ty in2iden2e
sa (abuuang !o!ulasyon ng ating bansa ay tinatayang 2C.=G Mung ihahambing ang numeong
ito sa tinatayang mga numeo noong unang semeste! ng 2006 at 200D na 2?.?G at 2?.>G; ayon
sa !ag(asunod, ang (ahia!an sa Pili!inas ay $alang mala(ing !agbabago at itinutuing ang
!agbabagong ito na hindi =statisti2ally signi7i2ant>.
Ang $ood at Po)erty ,resolds
&nilalaa$an ng nasabing ulat, na ang isang !amilyang Pinoy na binubuo ng limang (atao ay
da!at (umita ng halagang PP <;4<? (ada bu$an u!ang ma(amit ang !angunahing
!angangailangan sa !ag(ain at halagang PP C;?21 (ada bu$an (ung isasali in naman ang mga
!angagailangan maliban sa !ag(ain noong unang semeste! ng 2012. 'a halagang nabanggit na
7ood at po9e!ty th!esholds, ma!a!ansin na tumaas ang mga halaga nito ng 11.1G mula sa unang
semeste ng 200D hanggang sa unang anim na bu$an ng taong 2012, (um!aa sa 2>G na
!agtaas sa !agitan ng mga unang semeste!s ng 2006 at 200D.
0ng 7ood th!eshold ay ang !ina(amababang maaing (itaLin2ome ng isang indibid$al u!ang
matugunan nito ang !angunahing !angangailangan sa !ag(ain na may sa!at na nutisyon na
itinata(da ng 3ood and &ut!ition :esea!2h (nstitute F%+*&G u!ang manatiling !odu(tibo sa
(anyang buhay so/io2e(onomi(o. 9agdag !a ito, na(atutulong din ang 7ood th!eshold u!ang
masu(at ang 7ood po9e!ty o =subsisten2e> na (ung ta$agin din ay e?t!eme po9e!ty.
0ng po9e!ty th!eshold ay (atulad din ng (onse!to ng 7ood th!eshold subalit (abilang na ito ang
mga !angangailangan bu(od sa !ag(ain, tulad ng gastos sa tans!otasyon, (alusugan,
edu(asyon, at maami !ang iba.
Ang 2aira!an sa anay ng !a+ilyang Pinoy
0ng +'C" ay nag!a!alabas din ng datos u(ol sa (ahia!an sa !amilyang Pinoy. &to5y isang
mahalagang =so2ial indi2ato!> na nagbibigay ng tamang die(syon sa mga poli2y make!s sa
(anilang ga$aing masug!o ang (ahia!an sa bansa.
0yon sa ulat, ang =subsisten2e in2iden2e> na (uma(ata$an sa bahagdan ng mga !amilya sa ating
bansa na nabibilang sa tinata$ag na =e?t!eme po9e!ty> ay tinatayang nasa 10G sa unang
semeste! ng 2012. 8anito in halos ang datos noong 200D samantalang 10.?G ang tinatayang
numeo noong 7i!st semeste! ng 2006. &tinutuing na hindi =statisti2ally signi7i2ant> ang
!ag(a(aiba ng mga nabanggit na mga datos.
3inataya in ng +'C", na ang =po9e!ty in2iden2e among 7amilies> o bahagdan ng mga
!amilyang Pinoy na mahia! ay umabot sa 22.3G sa unang semeste ng taong 2012, (um!aa sa
22.?G noong unang semeste ng 200D. )indi in statisti2ally signi7i2ant ang mga !agbabagong
ito.
Ang !agtaya sa alaga ng gastusin u!ang +asug!o ang 2aira!an sa 4ansa
<aliban sa mga nabanggit na (onse!to sa (ahia!an, nag!a!alabas din ang +'C" ng iba !ang
estadisti(a u(ol dito tulad ng tinata$ag na =in2ome gap>. &to ay isang su(atan ng halaga ng
sahod at (itang (ailangan ng mga mahihia! u!ang ma(a$ala sa (ahia!an, at may (augnayan
din sa po9e!ty th!eshold. &to ay maaing gamitin bilang =hypotheti2al ben2hma!k> !aa ma(uha
ang halagang (ailangan u!ang sa !ang(ahalatan ay masug!o ang !oblema sa (ahia!an, (ung
ang gastusin ito ay na(atuon sa !agtulong sa (anila maliban sa mga ta!geting 2osts Fsa o!eation
and im!lementation ng !ogamaG.
'a madaling sabi, (a!ag ginamit ang in2ome gap at po9e!ty th!eshold, lumalabas na ang !agtaya
sa =total 2ost o7 po9e!ty e!adi2ation> Fhindi (asama ang ta!geting 2ostG ay PP C=.C 4ilyon !aa
sa unang semeste! ng 2012. Mung ma!a!ansin, ang budget ng Depa!tment o7 So2ial @el7a!e and
De9elopment F9'49G !aa sa !ogama nito sa CC3 ay PP 3=.4 4ilyon !aa sa buong taon ng
2012.
Mas +ali+it na !ag!a!ala4as ng !o)erty statistics
&sang natatanging ha(bangin !aa sa Philippine Statisti2al System /PSS0 ang !ag!a!alabas ng
(asalu(uyang datos u(ol sa (ahia!an. +oong mga na(ali!as na !anahon, ang o77i2ial po9e!ty
statisti2s ay lumalabas lamang sa ba$at tatlong taon na ma(ali!as, na may (asama !ang isang
taong time lag mula sa !anahong isinasaga$a ang %&@'. 'ubalit, simula ngayong taong ito, ang
po9e!ty statisti2s ay magiging a#ailable na sa dala$ang se!ies sa ba$at taon na isinasaga$a ang
%&@', una !aa sa unang semeste! at i(ala$a, !aa sa buong taon.
+oong 0gosto 2012, iminung(ahi ni Di!e2to! 1ene!al 0senio <. "alisa/an ng &ational
52onomi2 and De9elopment Autho!ity F+@90G sa +'C" at +'- na !ag2aalan ang mga datos
ng %&@' !aa sa unang semeste! ng 2012 at mag!alabas (aagad ng mga estadisti(a u(ol ito. &to
in ay alinsunod sa mga mga ha(bangin at !ag2uusa! sa <e2hni2al 'ommittee on Po9e!ty
Statisti2s F3C Po#'tatG at ng +'C" na tugunan ang lumala(ing !angangailangan !aa sa mas
madalas at na!a!anahong estadisti(a u(ol sa (ahia!an.
'inabi ni +'C" 'e/etay 8eneal 0lbet na ang +'C", (asama ang mga (abali(at na
institusyon tulad ng +'-, %u!eau o7 Ag!i2ultu!al Statisti2s F"0'G, at mga miyembo ng 3C
Po#'tat N ay nagtulong2tulong u!ang maisa(atu!aan ang estimation ng 7i!st semeste! po9e!ty
statisti2s, at maseguo ang data Auality at a22u!a2y nito.
Emaasa si 0lbet na sa ganitong ha(bangin, ang P'', lalo5t higit ang +'C", ay ma(a!ag!alabas
ng mas maayos, mas ma(abuluhan at na!a!anahong datos u(ol sa (ahia!an sa Pili!inas u!ang
ma(atulong sa mga poli2y make!s at mga iba5t ibang stakeholde!s mula sa !ibado at
!am!ubli(ong se/to, na ma(aga$a ng tamang !ogama ayon sa na!a!anahon at tamang
estadisti(a.


E!dated: 23 0!il 2013

2 'ee moe at: htt!:LLns/b.go#.!hL!esseleasesL2013LP*220130,2+'12
0,V!o#ety.as!Wsthash.,oe'(JKX.d!uf
http://census.gov.ph/content/summary-inflation-report-consumer-price-index-2006l00-
december-20l3
Su++ary Inflation 7e!ort "onsu+er Price
Index 0200>I1001 9 *ece+4er 2013
Reference Number:
20l4-002
Relese !te:
Tuesday, January 7, 20l4


DECEMBER AND NOVEMBER 2013
Year-on-Year Inflation ates! All Ite"s

December
2013
November
2013
Year-to-
date

Philii!e"

Headline #$1 3$3 3$0
Core 3$2 2$% 2$&
NCR
Headline 2$' 1$& 1$'
AONCR
Headline #$' 3$% 3$3
Y 3he yea2on2yea headline inflation at the national le#el .um!ed to ,.1 !e/ent in
9e/embe fom 3.3 !e/ent in +o#embe as all /ommodity gou!s e/oded highe
annual in/eases e:/e!t /ommuni/ation1 e/eation and /ultue1 and edu/ation. 3his $as
the highest inflation sin/e 9e/embe 2011. &nflation a yea ago $as 3.0 !e/ent
Y <ean$hile, the /ountyZs annual a#eage headline inflation fo the yea 2013 slo$ed
to 3.0 !e/ent fom 3.2 !e/ent in 2012.
Y 0nnual inflation in the +ational Ca!ital *egion F+C*G a//eleated to 2.6
!e/ent in 9e/embe fom 1.D !e/ent in +o#embe. )ighe annual go$ths
!osted in the indi/es of food and non2al/oholi/ be#eages1 al/oholi/ be#eages
and toba//o1 /lothing and foot$ea1 housing, $ate, ele/ti/ity, gas and othe
fuels inde:1 funishing, household e7ui!ment and outine maintenan/e of the
house1 tans!ot1 and /ommuni/ation /ontibuted to the u!tend. 3he annual
a#eage inflation ate in +C* de/eleated to 1.6 !e/ent in 2013 fom 2.D !e/ent
in 2012.
Y &n 0eas -utside +C* F0-+C*G, annual inflation !i/(ed u! ,.6 !e/ent in
9e/embe fom 3.; !e/ent in +o#embe. )ighe annual u!ti/(s $ee noted in the
indi/es of the si: /ommodity gou!s namely food and non2al/oholi/ be#eages1
al/oholi/ be#eages and toba//o1 /lothing and foot$ea1 housing, $ate,
ele/ti/ity, gas and othe fuels1 health1 and tans!ot. 3he annual a#eage inflation
fo the yea in/hed u! 3.3 !e/ent fom 3.2 !e/ent in 2012.
Y @:/luding sele/ted food and enegy items, /oe inflation ad#an/ed to 3.2 !e/ent in
9e/embe fom 2.; !e/ent in +o#embe. 3he annual a#eage /oe inflation ho$e#e
eased to 2.D !e/ent in 2013 fom 3.H !e/ent a yea ago.


Year-on-Year Inflation ates in t#e $#ilippines! All Ite"s
January 200% - &ece"'er 201(
(200)*100)
Mont
%ear
200% 200+ 2010 2011 2012 201(
January
,.6 H.1 3.D ,.0 ,.0
3.l
,e'ruary
B.1 H.2 3.D
4.7 2.7 3.4
Year-on-Year Inflation ates in t#e $#ilippines! All Ite"s
January 200% - &ece"'er 201(
(200)*100)
-arc#
B.D 6.H 3.D
4.9 2.6 3.2
April
H.3 B.6
4.0 4.7 3.0 2.6
-ay
;.2 ,.3
3.9 4.9 3.0 2.6
June
D., 3.2
3.6 5.2 2.9 2.7
July
10.2 2.2
3.7 4.9 3.2 2.5
August
10.B 1.H
4.l 4.6 3.8 2.l
Septe"'er
10.1 2.3
3.8 4.7 3.7 2.7
.cto'er
D.H 2.D
3.3 5.2 3.2 2.9
/o0e"'er
D.1 3.B
3.7 4.7 2.8 3.3
&ece"'er
H.; ,.,
3.6 4.2 3.0 4.l
A0erage
;.3 ,.2
3.8 4.6 3.2 3.0

-ont#-on--ont# Inflation ates! All Ite"s
(200)*100)
&ec 201( /o0 201(
$#ilippines 0.7 0.4
NCR 0.5 0.9
AONCR 0.8 0.4

3he hea#ily2$eighted food items su/h as i/e, shim!s, /abs, sele/ted fesh fish s!e/ies,
fuits, #egetables, /oo(ing oil and /ommon /ondiments and seasonings $ee !i/ed
highe duing the month. 3hese !imaily !ushed u! the Phili!!inesJs7uo1 /onsume
!i/es by 0.H !e/ent in 9e/embe fom 0., !e/ent in +o#embe. &n/ements in the
!i/es of LP8, (eosene, gasoline and diesel and highe /hages in ele/ti/ity ates in
sele/ted egions also /ontibuted to the o#eall ma(2u! in the month2on2month inflation
ate.
CON()MER PR*CE *NDE+
,200'-100.
DECEMBER 2013
By Region, Year-on-Year
0nnual inflation in +C* ose 2.6 !e/ent in 9e/embe fom 1.D !e/ent in +o#embe.
&n 0-+C*, it li(e$ise in/eased ,.6 !e/ent in 9e/embe fom 3.; !e/ent in +o#embe.
@:/e!t in 9a#ao egion and 0*<<, all the egions !osted highe annual ates. 3he
biggest gain of 1.; !e/entage !oints $as e/oded in @asten Aisayas FH.2O fom B.,OG,
the highest annual inflation duing the month. <ean$hile, the lo$est annual ate of 3.1
!e/ent $as in <&<0*-P0.
0mong the egions in 0-+C*, the highest annual a#eage inflation in 2013 $as noted in
Cental Aisayas at ,.H !e/ent $hile &lo/os egion had the lo$est annual a#eage inflation
at 2.3 !e/ent.
By Commodity Group, Year-on-Year
0t the national le#el, highe annual ma(2u!s $ee obse#ed in all the /ommodity gou!s
e:/e!t in the indi/es of /ommuni/ation1 e/eation and /ultue1 and edu/ation.
3he annual go$th in the food alone inde: in the Phili!!ines /limbed B.0 !e/ent
in 9e/embe fom ,.0 !e/ent in +o#embe.
%aste annual ates $ee egisteed in all the food gou!s e:/e!t in oils and fats
inde: $hi/h etained its negati#e annual /hange.
3he annual a#eage inflation fo food alone inde: ad#an/ed 2.; !e/ent in 2013
fom 2., !e/ent in 2012.
3he 2013 annual a#eage inflation in food and non2al/oholi/ be#eages inde:
ge$ 2.; !e/ent fom 2., !e/ent in 20121 al/oholi/ be#eages and toba//o
inde:, 2D.; !e/ent fom B.0 !e/ent1 and /ommuni/ation inde:, 0.2 !e/ent fom
0.1 !e/ent. 3hose fo the est of the /ommodity gou!s $ee slo$e duing the
yea /om!aed to thei 2012 ates.
&n +C*, the annual inflation fo food and non2al/oholi/ be#eages inde: a//eleated 3.H
!e/ent in 9e/embe fom 3.B !e/ent in +o#embe1 al/oholi/ be#eages and toba//o
inde:, 1B.6 !e/ent fom 1B.B !e/ent1 /lothing and foot$ea inde:, 2.1 !e/ent fom 1.;
!e/ent1 housing, $ate, ele/ti/ity, gas and othe fuels inde:, 2.2 !e/ent fom 0.H
!e/ent1 and funishing, household e7ui!ment and outine maintenan/e of the house
inde:, 1.H !e/ent fom 1.6 !e/ent. %om 6eo go$th, the tans!ot and /ommuni/ation
indi/es $ent u! 1.3 !e/ent and 0.1 !e/ent, es!e/ti#ely. 3he othe /ommodity gou!s
eithe !osted slo$e annual mo#ements o etained thei last monthJs7uo1s ate.
&nflation in the food alone inde: in +C* in/hed u! 3.D !e/ent in 9e/embe fom
3.H !e/ent in +o#embe.
0 double2digit annual hi(e $as still seen in i/e inde: at 12.; !e/ent in
9e/embe fom 10.H !e/ent in +o#embe. <oeo#e, the annual ate in /on
inde: $as highe at ;.; !e/ent fom H.; !e/ent and mil(, /heese and egg inde:,
1.2 !e/ent fom 1.1 !e/ent.
@ithe slo$e o negati#e annual ates $ee ho$e#e egisteed in the est of the
food gou!s $ith the indi/es of meat and #egetables etaining thei es!e/ti#e last
monthJs7uo1s ates of 1.2 !e/ent and D.H !e/ent.
3he annual a#eage inflation fo food alone inde: in the aea lea!ed 2.2 !e/ent in
2013 fom 1.H !e/ent a yea ago.
3he annual a#eage inflation fo food and non2al/oholi/ be#eages inde:
in/eased to 2.2 !e/ent in 2013 fom 1.; !e/ent in 20121 al/oholi/ be#eages
and toba//o inde:, 16.D !e/ent fom 3.D !e/ent1 funishing, household
e7ui!ment and outine maintenan/e of the house inde:, ,.2 !e/ent fom 3.2
!e/ent1 health inde:, 3.2 !e/ent fom 2.H !e/ent1 and edu/ation inde:, ,.0
!e/ent fom 3., !e/ent. -n the othe hand, the est of the /ommodity gou!s
ha#e slo$e annual a#eage ates $ith the tans!ot inde: egisteing a 0.2 !e/ent
de/line duing the yea fom 1.0 !e/ent go$th in 2012.
&n 0-+C*, the annual mo#ement in the food and non2al/oholi/ be#eages inde: $ent u!
B.0 !e/ent in 9e/embe fom 3.D !e/ent in +o#embe1 al/oholi/ be#eages and toba//o
inde:, 33.D !e/ent fom 33.H !e/ent1 /lothing and foot$ea inde:, 3.B !e/ent fom 3.,
!e/ent1 housing, $ate, ele/ti/ity, gas and othe fuels inde:, ,.0 !e/ent fom 2.,
!e/ent1 health inde:, 2.D !e/ent fom 2.B !e/ent1 and tans!ot inde:, 1.2 !e/ent fom
0.D !e/ent. 3hose fo est of the /ommodity gou!s eithe de/eleated o emained at
thei last monthZs ate.
3he annual go$th in the food alone inde: in 0-+C* !i/(ed u! B.1 !e/ent in
9e/embe fom ,.0 !e/ent in +o#embe.
0nnual ad.ustment in the i/e inde: ose ;.H !e/ent in 9e/embe fom H.H
!e/ent in +o#embe. )ighe annual u!ti/(s $ee seen in 13 egions $ith the
biggest .um! of 2.D !e/entage !oints e/oded in @asten Aisayas F13.BO fom
10.6OG.
0ll the othe food gou!s ha#e highe annual in/ements e:/e!t fo oils and fats
inde: $hi/h /ontinued to !ost a negati#e ate of 0.2 !e/ent fom 23.2 !e/ent.
3he 2013 annual a#eage inflation of the food alone gou! mo#ed faste at 2.D
!e/ent /om!aed to 2., !e/ent in 2012.
3he annual a#eage ate fo food and non2al/oholi/ be#eages inde: ad#an/ed 2.D
!e/ent in 2013 fom 2.B !e/ent in 20121 al/oholi/ be#eages and toba//o inde:,
32.3 !e/ent fom B.1 !e/ent1 /ommuni/ation inde:, 0.2 !e/ent fom 6eo
go$th1 and estauant and mis/ellaneous goods and se#i/es inde:, 3.1 !e/ent
fom 3.0 !e/ent. 3hose fo the est of the /ommodity gou!s $ee slo$e $ith
the inde: of e/eation and /ultue etaining its last yeaJs7uo1s annual a#eage
go$th of 2.2 !e/ent.
By Region, Month-on-Month
Y 3he month2on2month inflation in +C* de/eleated to 0.B !e/ent in 9e/embe fom
0.D !e/ent in +o#embe. 0 slo$e in/ease $as !osted in the housing, $ate, ele/ti/ity,
gas and othe fuels inde: at 0.; !e/ent fom 2., !e/ent. -n the othe hand, bigge
in/ements $ee obse#ed in al/oholi/ be#eages and toba//o and funishing, household
e7ui!ment and outine maintenan/e indi/es at 0.B !e/ent and 0.2 !e/ent, es!e/ti#ely
fom 0.1 !e/ent. %om 6eo go$th, the /lothing and foot$ea inde: mo#ed u! 0.3
!e/ent1 tans!ot inde:, 1.1 !e/ent1 and /ommuni/ation inde:, 0.1 !e/ent. 3hose fo
est of the /ommodity gou!s $ee eithe 6eo o emained at thei last monthZs ate.
Y Consume !i/es in 0-+C* li(e$ise in/eased 0.; !e/ent in 9e/embe fom 0.,
!e/ent in +o#embe. )ighe monthly ma(2u!s $ee !osted in food and non2al/oholi/
be#eages inde: at 0.D !e/ent in 9e/embe fom 0.B !e/ent in +o#embe1 al/oholi/
be#eages and toba//o and health indi/es, 0.B !e/ent fom 0.2 !e/ent1 housing, $ate,
ele/ti/ity, gas and othe fuels inde:, 1., !e/ent fom 0.; !e/ent1 and tans!ot inde:,
0.3 !e/ent fom 6eo go$th. 3he est of the /ommodity gou!s eithe etained thei
!e#ious monthZs ate o had 6eo go$th.
Y 3en egions had highe monthly !i/e in/eases $ith @asten Aisayas e/oding the
highest ate at 1.; !e/ent.
Y 0mong the thee big aeas of the /ounty, !i/e hi(es of /onsume items $ee
geneally faste in Aisayas /om!aed to Lu6on and <indanao aeas.
By Commodity Group, Month-on-Month
<o#ements in the geneal le#el of /onsume !i/es $ee highe at 0.H !e/ent in
9e/embe fom 0., !e/ent in +o#embe. 3his $as mainly due to the 0.; !e/ent go$th
in the hea#ily2$eighted food and non2al/oholi/ be#eages inde: fom 0.B !e/ent.
<oeo#e, add2ons in al/oholi/ be#eages and toba//o and health indi/es $ee highe at
0.B !e/ent and 0., !e/ent, es!e/ti#ely fom 0.2 !e/ent1 and /lothing and foot$ea and
estauant and mis/ellaneous good and se#i/es indi/es, 0.2 !e/ent fom 0.1 !e/ent.
%om 6eo go$th, the inde: fo tans!ot in/hed u! 0.B !e/ent and e/eation and
/ultue inde:, 0.1 !e/ent. 3he othe /ommodity gou!s eithe etained thei last
monthJs7uo1s ate o had 6eo go$th.
)ighe monthly !i/e in/ements in i/e $ee noted in ele#en egions $ith
@asten Aisayas !osting the highest monthly ate of 2.H !e/ent. 3hus, the
gou!Js7uo1s inde: 0-+C* $ent u! 0.D !e/ent in 9e/embe fom 0.1 !e/ent
in +o#embe. &n +C*, !i/es of i/e li(e$ise /ontinued to mo#e u!$ad at 2.1
!e/ent fom 0., !e/ent. 0t the national le#el, the i/e inde: .um!ed by 1.1
!e/ent fom 0.1 !e/ent.
Pi/es of sele/ted sea foods su/h as /abs and shim!s $ee geneally highe in
the ma(ets. Pi/es fo sele/ted fish s!e/ies also $ent u! duing the month. 3his
$as due to highe demand along $ith the lo$ su!!lies of fish in the ma(ets
bought about by the diffi/ulty in /at/hing fish s!e/ies duing the /old $eathe
/onditions. 3hese fa/tos aised the fish inde: in the Phili!!ines by 1.1 !e/ent1
+C*, 1.6 !e/ent and 0-+C*, 1.0 !e/ent.
Potatoes, /abbage, /aots, o(a, onions and gali/ $ee among those #egetables
$hi/h $ee !i/ed highe in many egions. )en/e, the #egetable inde: in 0-+C*
mo#ed u! by 1.; !e/ent. 3his $as ho$e#e slo$e than the 2.B !e/ent go$th
last month. -n the /ontay, suffi/ient deli#eies of #egetables in the +C*
ma(ets /oming fom the neaby !o#in/es !ushed do$n thei !i/es duing the
month. &t esulted to a 1.6 !e/ent do! in the gou!Js7uo1s inde: in the aea. &n
the Phili!!ines, the in/ement in the #egetables inde: im!o#ed to 1.3 !e/ent
fom 1.H !e/ent.
3he season of !e!aing fo the Chistmas and +e$ KeaZs /elebations sa$
u!ti/(s in the !i/es of fesh meat su/h as /hi/(en, beef, !o( and meat !odu/ts.
3hese effe/ted a 0., !e/ent in/ement in the meat inde: in 0-+C* fom 0.1
!e/ent. &n +C*, the meat inde: also $ent u! but at a slo$e !a/e of 0.2 !e/ent
fom 0.; !e/ent. 3he national inde: ose 0.3 !e/ent fom 0.2 !e/ent.
3he fuit inde: in +C* do!!ed by 1.B !e/ent fom a 3.B !e/ent go$th in
+o#embe due to /ontinuous flo$ing2in of lo/ally go$n fuits in the +C*
ma(ets. -n the /ontay, the fuit inde: in 0-+C* /limbed 1.H !e/ent fom 0.B
!e/ent due to !i/e hi(es in banana, !a!aya and mango. 3hese offsetting !i/e
mo#ements /aused the inde: at the national le#el to mo#e at its last monthZs ate
of 1.1 !e/ent.
3he national inde: fo oils and fats a//eleated 1.6 !e/ent1 +C*, 1.0 !e/ent1 and
0-+C*, 1.; !e/ent as !i/es of /oo(ing oil $ee on the u!tend.
Pi/e hi(es in sele/ted /ondiments and seasonings /ontibuted to go$ths in the
food !odu/ts not else$hee /lassified inde: at 1.0 !e/ent in the Phili!!ines and
0-+C* and 0.6 !e/ent in +C*.
3he soaing !i/es of LP8 and (eosene !ushed the inde: fo housing, $ate, ele/ti/ity,
gas and othe fuels in the Phili!!ines by 1.3 !e/ent1 +C*, 0.; !e/ent1 and 0-+C*, 1.,
!e/ent. )ighe /hages in ele/ti/ity ates $ee also noti/ed in sele/ted egions.
%om 6eo go$th, the tans!ot inde: in the Phili!!ines $ent u! by 0.B !e/ent1 +C*,
1.1 !e/ent1 and 0-+C*, 0.3 !e/ent. 3his $as due to the geneal u!$ad !i/e
ad.ustments in gasoline and diesel duing the month.
4ith !i/e in/eases in meals eaten outside the home and some items fo !esonal /ae
and effe/ts in sele/ted egions, the inde: fo estauant and mis/ellaneous goods and
se#i/es in the Phili!!ines and 0-+C* gained 0.2 !e/ent. &n +C*, the gou!Zs inde:
still had a 6eo go$th.
NOTES:
l. The second phase survey reports from Sulu and Tawi-tawi were not received as of
January 6, 20l4.

2. CPls and inflation rates by province and selected city are also available upon request at
NSO, lndustry and Trade Statistics Department, Economic lndices and lndicators
Division (Telephone Numbers: 7l6-39-35 and 7l5-33-47).

(Sgd.) CARME/*0A N$
ER*C0A
Administrator
Attchment:
Table l Monthly CPl for All lncome Households in the Philippines by Commodity Group:
(2006=l00)
Table lA Monthly CPl for All lncome Households in NCR by Commodity Group: (2006=l00)
Table lB Monthly CPl for All lncome Households in Areas Outside NCR by Commodity
Group: (2006=l00)
Table 2 Monthly CPl for All lncome Households in the Philippines by Commodity Group,
Area/Region: (2006=l00)
Table 3 Month-on-Month Changes of the CPl by Area in Percent: (2006=l00)
Table 4 Year-on-Year Changes of the CPl by Area in Percent: (2006=l00)
Table 5 Month-on-Month Changes of the CPl in Percent, by Area, by Commodity Group:
(2006=l00)
Table 6 Year-on-Year Changes of the CPl in Percent, by Area, by Commodity Group:
(2006=l00)
Table 7 Month-on-Month Regional lnflation Rates by Commodity Group: (2006=l00)
Table 8 Year-on-Year Regional lnflation Rates by Commodity Group: (2006=l00)
Table 9 Regional Month-on-Month lnflation Rates of Selected Food ltems: (2006=l00)
Table l0 Regional Year-on-Year lnflation Rates of Selected Food ltems: (2006=l00)
Table ll Monthly CPl for Food and Food and Non-Alcoholic Beverages for All lncome
Households, by Area: (2006=l00)
Table l2 Month-on-Month Changes of the CPl on Food and Food and Non-Alcoholic
Beverages, in Percent: (2006=l00)
Table l3 Year-on-Year Changes of the CPl on Food and Food and Non-Alcoholic Beverages,
in Percent: (2006=l00)
Table l4 Monthly Headline and Core CPl for All lncome Households in the Philippines (2006-
l00)
Table l5 Headline and Core lnflation Rates in the Philippines (2006=l00)
Table l6 CPl for All lncome Household in the Philippines, by Selected Commodities and by
Geographic Area: (2006=l00)
Table l7 CPl for All lncome Households in the Philippines by Major Commodity
Group(2006=l00)_Jan l994-Dec 20l3
Table l8 CPl for All lncome Households in the National Capital Region by Major Commodity
Group(2006=l00)_Jan l994-Dec 20l3
Table l9 CPl for All lncome Households in Areas Outside NCR by Major Commodity
Group(2006=l00)_Jan l994-Dec 20l3
The 2006-based Consumer Price lndex
Primer on Consumer Price lndex
Primer on Core lnflation
Republic Act No. 10625 Implementing Rules and Regulations
Philippine Statistical Act of 201
"An Act Reorganizing the Philippine Statistical System,
Repealing for the Purpose Executive Order Numer One
!undred "#enty$One, Entitled "Reorganizing and
Strenghtening the Philippine Statistical System and for
Other Purposes"
Creates the Philippine Statistics Authority (PSA) that shall comprise
the PSA Board and offices on sectoral statistics, censuses and technical
coordination, civil registration and central support and field
statistical services. The PSA shall be constituted from among the
eisting personnel of the ma!or statistical agencies engaged in primary
data collection and compilation of secondary data, i.e., the "ational
Statistics #ffice, the Technical Staff of the "ational Statistical
Coordination Board, the Bureau of Agricultural Statistics, and the
Bureau of $abor and %mployment Statistics.
The PSA shall be headed by a "ational Statistician &ho shall be
appointed by the President. The "S &ill be supported by three 'eputy
"ational Statisticians.
The data produced by the PSA shall be the official and controlling statistics of the government and the PSA &ill be characteri(ed by )ntegrity,
)ndependence and Professionalism. )t shall serve as the central statistical authority of the Philippine government on primary data collection and
administer civil registration functions in the country as provided for in Act "o. *+,*, other&ise -no&n as the Civil .egistry $a&.
/hile processes are under&ay for the
development of the PSA &ebsite, currently, the
respective &ebsite of the merged agencies are
still accessible and regularly updated.
Bureau of Agricultural
Statistics
#ational Statistical
"oordination Board
Bureau of :a4or and
E+!loy+ent Statistics
#ational Statistics
&ffice
http://www.nscb.gov.ph/#page=tl
*e!art+ent of ,ouris+ 0Pili!!ines1
From Wikipedia, the free encyclopedia
&epart"ent of 1ouris"
Daga1aran ng Turismo
&epart"ent o0er0ie2
,or"ed May ll, l973
Annual 'udget 2.0 billion (20l4)
[l]
&epart"ent e3ecuti0e Ramon R. Jimenez
4e'site www.tourism.gov.ph
3he *e!art+ent of ,ouris+ F%ili!ino: agawa!an ng <u!ismo, *&,G is the e:e/uti#e
de!atment of the Phili!!ine go#enment es!onsible fo the egulation of the Phili!!ine touism
industy and the !omotion of the Phili!!ines as a touist destination.
Contents
l History
2 Organization of the Department
3 Tourism projects
4 List of the Secretaries of the Department of Tourism
5 Tourism Slogans
6 References
7 External links
"istory
'tated as a !i#ate initiati#e to !omote the Phili!!ines as a ma.o ta#el destination, the
Phili!!ine 3ouist J 3a#el 0sso/iation $as ogani6ed in 1DB0. &n 1DB6, the "oad of 3a#el
and 3ouist &ndusty $as /eated by Phili!!ine Congess. 0s sti!ulated in the &ntegated
*eogani6ation Plan in 1DH2 san/tioned as a la$ unde Pesidential 9e/ee +o. 1, as amended,
the 9e!atment of 3ade and 3ouism $as established, eogani6ing the then 9e!atment of
Comme/e and &ndusty. 0 Phili!!ine 3ouism Commission $as /eated unde the unified 3ade
and 3ouism 9e!atment to o#esee the go$th of the touism industy as a sou/e of e/onomi/
benefit fo the /ounty. 3hen in 1DH3, Pesident %edinand <a/os /eated a ne$ /abinet2le#el
9e!atment of 3ouism F9-3G by s!litting the 9e!atment of 3ade and 3ouism into t$o
se!aate de!atments. &n/luded in the ne$ 9e!atment of 3ouism, the agen/y Phili!!ine
3ouism 0uthoity FP30G and the Phili!!ine Con#ention "ueau FPC"G $ee /eated. 3he
9e!atment of 3ouism $as then enamed Ministry of ,ouris+ as esult of the shift in the fom
of go#enment as enshined in the amendments to the 1DH3 Constitution.
&n 1D;6, unde @:e/uti#e -de +umbes 120 and 12020 signed by Pesident Coa6on 07uino,
the 9e!atment of 3ouism $as eogani6ed and, /oes!ondingly, the Phili!!ine Con#ention
"ueau $as enamed the Phili!!ine Con#ention and Aisitos Co!oation. &n 1DD;, the
9e!atment of 3ouism assumed a !ominent ole in /ulmination of /entennial /elebations of
the Phili!!ineZs &nde!enden/e fom '!ain.
&n 2003, the 9e!atment of 3ouism initiated one of its most su//essful touism !omotion
!o.e/t, >isit Philippines 2003, unde 'e/etay *i/had J. 8odon.
3he latest im!o#ements in the touism industy in the /ounty /ame about $ith the !assage of
*e!ubli/ 0/t +o. DBD3 o the [3ouism 0/t of 200D.[
#rgni$tion of the !eprtment
Tourism lnfrastructure and Enterprise Zone Authority (TlEZA)
Tourism Promotions Board (TPB)
lntramuros Administration (lA)
National Parks Development Committee (NPDC)
Nayong Pilipino Foundation (NPF)
Philippine Retirement Authority (PRA)
Philippine Commission on Sports Scuba Diving (PCSSD)
Duty Free Philippines Corporation (DFPC)
Tourism pro%ects
Visit lslands Philippines l994
Miss Universe Beauty Pageant l994
Florikultura '98 - international horticulture exhibition
Expo Pilipino l998 - Philippine Centennial lnternational Exposition
l998 Philippine Centennial Celebrations
World Exposition 2002 Manila (cancelled due to financial problems of the government)
[l]
Visit Philippines 2003
WOW (World Of Wonders) Philippines
"Pilipinas Kay Ganda" slogan and campaign 20l0
[2]
lt's More Fun in the Philippines!
List of the Secretries of the !eprtment of Tourism
Main article: Secretary of Tourism (Philippines)
Tourism Slogns
lslands Philippines
WOW Philippines
Pilipinas Kay Ganda (20l0)
[3][4]
lt's more fun in the Philippines (20l2present)
References
l. Ju"p up 5 "GAA20l4". D:(. Retrieved 23 January 20l4.
2. Ju"p up 5 "PNoy launches 'Pilipinas Kay Ganda' as new tourism campaign
slogan". Press release. Philippine lnformation Agency. November l4, 20l0.
3. Ju"p up 5 http://www.spot.ph/featured/4696l/philippines-new-tourism-slogan-
pilipinas-kay-ganda-fails-to-impress-netizens
4. Ju"p up 5 http://www.abs-cbnnews.com/nation/ll/2l/l0/%E2%80%98pilipinas-
kay-ganda%E2%80%99-officially-dead
&'ternl lin(s
Wikimedia Commons has media related to Department of Tourism
(Philippines).
Official DOT Philippines website
Official DOT Philippines Twitter account
DFPC website