DOF, PCOO to hold forum on ‘Dutertenomics’

MANILA-- The Department of Finance (DOF) and the Presidential Communications Operations Office (PCOO) will hold a forum on Tuesday (April 18) to discuss President Duterte's 10-point socioeconomic reform agenda and its primary objective of accelerating poverty reduction and transforming the Philippines into a high middle-income economy by 2022.

Dubbed The Dutertenomics Forum, the event will also showcase the government's unprecedented infrastructure program as a tool of eradicating poverty and realizing the other goals spelled out in the President's 10-point reform strategy.

Finance Secretary Carlos Dominguez III is set to deliver the keynote speech at the forum, which will be preceded by a video message from President Duterte.

The other speakers at the forum are Secretaries Ernesto Abella (Presidential Spokesperson), Ernesto Pernia (National Economic and Development Authority), Benjamin Diokno (Department of Budget and Management), Mark Villar (Department of Public Works and Highways), Arthur Tugade (Department of Transportations); president and CEO Vince Dizon (Bases Conversion and Development Authority); businessman John Gaisano; and professor Richard Heydarian.

The website, which contains information on government infrastructure contracts as well as drone images showing the progress of big-ticket infra projects will also be launched at the forum, which will be held at the Conrad Hotel in Pasay City.

President Duterte's 10-point socioeconomic agenda focuses on: 1) Continuing and maintaining current macroeconomic policies, including fiscal, monetary and trade policies; 2) Instituting progressive tax reform and more effective tax collection while indexing taxes to inflation; 3) Increasing competitiveness and the ease of doing business, drawing upon successful models used to attract business to local cities such as Davao, as well as pursuing the relaxation of the Constitutional restrictions on foreign ownership, except with regards to land ownership, in order to attract foreign direct investments;

4) Accelerating annual infrastructure spending to account for 5 percent of the Gross Domestic Product, with public-private partnerships playing a key role; 5) Promoting rural and value chain development toward increasing agricultural and rural enterprise productivity and rural tourism; 6) Ensuring security of land tenure to encourage investments and address bottlenecks in land management and titling agencies; 7) Investing in human capital development, including health and education systems, as well as matching skills and training to meet the demands of businesses and the private sector;

8) Promoting science, technology and the creative arts to enhance innovation and creative capacity toward self-sustaining and inclusive development; 9) Improving social protection programs, including the government's conditional cash transfer program, in order to protect the poor against instability and economic shocks; and 10) Strengthening the implementation of the Responsible Parenthood and Reproductive Health Law to enable especially poor couples to make informed choices on financial and family planning.

Source: Philippines Information Agency

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