President Ferdinand 'Bongbong' Marcos Jr. has signed an executive order (EO) approving the Philippine Development Plan (PDP) for 2023-2028.
Under EO No. 14 signed by Marcos on January 27, it said that the PDP, which is a second medium-term plan anchored on "AmBisyon Natin 2040", aims to "bring back the country to a high-growth trajectory and more importantly, enable economic and social transformation for a prosperous inclusive and resilent society."
To ensure the successful implementation of the PDP as well as the Public Investment Program (PIP 2023-2028, Marcos ordered the national government agencies, government-owned or -controlled corporations (GOCCs), government financial institutions (GFIs), other national government offices and instrumentalities, government corporate entities (GCEs), state universities and colleges (SUCs), and local government units (LGUs) to adopt and disseminate the plan.
All government agencies and departments are also directed to align their budgetary and programs with the strategies and activities stipulated in the PDP 2023-2028.
Alongside, they are instructed to adhere to the formulation guidelines set by the National Economic and Development Authority (NEDA), and shall complete this by the first quarter of 2023.
On December 16 last year, Malacañang announced that Marcos approved the PDP 2023-2028.
