Bohol News Daily

NEDA: 2011-2016 dev’t plan framework ready

MACROECONOMIC stability, governance, infrastructure, food security, as well as education and health should be the focus of the new administration’s development agenda, socioeconomic planners said on Monday.

Officials from the National Economic and Development Authority (NEDA) said they will present a framework for the 2011-2016 Medium-Term Philippine Development Plan (MTPDP) to incoming President Benigno C. Aquino III and his Cabinet on Wednesday.

“We will present [the framework] to the president on Wednesday. He has three options on what to do with them: accept, reject, or revise it,” Augusto B. Santos, acting NEDA director-general, told reporters yesterday.

Myrna B. Asuncion, NEDA assistant director for national planning said that the five “highlights” of the proposal would provide a focus for the next medium-term plan.

In the effort to improve macroeconomic stability, Mr. Santos said the Aquino administration should keep its options open with respect to new tax measures.

He zeroed in on three: raising the value-added tax rate to 15% from the current 12%, adjusting excise tax rates on tobacco and alcohol, and streamlining fiscal incentives. (PIA-Bohol)