The Long-Term Vision

1. The Long-Term Vision

2. 107,600 66 , 700 47 , 800 41 , 700 37 , 400 33 , 800 26 , 900 22 , 900 22 , 700 Asia 2050: Realizing the Asian Century • Asia will nearly double its share of global GDP to over 50%. • Asia’s per capita income will rise six-fold from 2010 to 2050 and will exceed the global average • 7 economies will lead Asia’s march to prosperity (South Korea, Japan, China, India, Indonesia, Malaysia and Thailand) • The Philippineswill be overtaken by India and Viet Nam; will be in the company of Mongoliaand Cambodia. Figure 3: Projections of Per Capita GDP (constant 2010 PPP) of Selected Asian Economies in 2050 Source of basic data: ADB Publication – Asia 2050

3. A long-term (25 years) vision of Filipinos. • It is a vision, NOT a plan. • An anchor for development planning across administrations (Executive Order No. 5) • A guide for engaging with international development partners.

4. The Long-term Vision (LTV) process Survey FGD • 1. Advisory Committee • composed of representatives from the government, private sector, the academe, and civil society guided the overall implementation of the visioning exercise • 2. Public consultations • 42 FGDs with marginalized groups (C. David) • National Survey 15-50 years old (n=10,000; PSRC) • 2. Technical studies • Thematic study team organized (led by Dr. R. Clarete) • 3. Communication & advocacy • Online social media engagement • Public forums

5. The Life We Want • Panatag • Security of place • Resources adequate for day-to-day needs and unexpected expenses • Passive income during retirement • Maginhawa • Freedom from hunger • and poverty • Guaranteed mobility • Secure home ownership • Travel and vacation opportunities • Matatag • Living together with family • Time with family and friends (work/life balance)

6. 3.9 % Life of the Rich 16.9 % Prosperous or A f fluent Life 79.2 % Simple and Comfortable Life An overwhelming majority of Filipinos aspire for a simple and comfortable life…

7. What is a “simple and comfortable” life ? Relax with family and friends Own at least one car Decent work All children are college-educated Business owner Have enough money for day-to-day needs Able to take occasional trips around the country Own a medium-sized home

8. What is a “simple and comfortable” life ? P 120,000 Gross Monthly Family Income 25,000 5,000 Income Tax Own one car 10,000 All children are college-educated 4,000 40,000 Relax with family and friends Have enough money for day-to-day needs 30,000 6,000 Able to take occasional trips around the country Own a medium-sized home

9. No one is hungry 64 All Filipinos have a chance for adequate jobs.... 51 No one is poor 50 Everyone can get treatment when sick 50 38 All Filipino families have their own house 36 Everyone has modern lifestyle 17 The country is a world leader in science 10 Vision for the Country: Hunger, local employment and poverty are the main socioeconomic issues that should be addressed Base: Total Interviews unwtd/wtd (10000/10000)

10. Slightly important Slightly not important Definitely not important Eradication of corruption is the most important aspect of governance that should be addressed Eradication of Corruption Fair enforcement of the law Fast and easy processes Order and Safety in the... Fast response towards... Enough avenues to be able... Base: Total Interviews unwtd/wtd (10000/10000)

11. Vision for Country “By 2040, the Philippines shall be a prosperous, predominantly middle-class society where no one is poor. Our peoples will enjoy long and healthy lives, are smartand innovative, and will live in a high-trust society”

12. From vision to action • Requires strong ownership and buy-in by stakeholders and the country’s leaders over the next 25 years • Each plan must build on previous plan, not change it unnecessarily • Needs and preferences may change over time • Unexpected developments may arise (e.g. climate, science & technology)

13. Asia 2050: We can change the future! The Philippines can join Asia’s march to prosperity!

14. Rationale and Legal Basis Executive Order No. 5 (s. 2016): “Approving and Adopting the 25-Year Long-Term Vision Entitled Ambisyon Natin 2040 as a Guide For Development Planning” • Section 2. Overall Long-term Goals • The Philippine Government hereby aims to triple per capita incomes and eradicate hunger and poverty by 2040, if not sooner. An appropriate set of milestones shall be identified to guide the successive medium-term development plans. • Section 3. Medium-Term Philippine Development Plans • The four (4) medium-term Philippine Development Plans, hereafter to be referred to as Philippine Development Plans (PDPs), to be crafted and implemented until 2040 shall be anchored on the AmbisyonNatin 2040 and overall goals. The PDPs shall ensure sustainability and consistency of strategies, policies, programs and projects across political administrations. • Section 4. Consistent Government Plans • All Plans of government departments, offices and instrumentalities, including government-owned or controlled corporations and local government units, shall be consistent with AmbisyonNatin 2040.

15. Rationale and Legal Basis Memorandum Circular No. 12, s. 2016: “Directing the Formulation of the Philippine Development Plan and the Public Investment Program for the Period 2017-2022” To formally commence the formulation of the PDP, the President issued Memorandum Circular No. 12 on 24 October 2016 directing the NEDA Secretariat to coordinate the formulation of the country’s national and regional development plans and the accompanying investment programs, and monitor their implementation.

16. The Long-Term Vision PLEASE PUSH FOR THE ADVOCACY THANK YOU!