The LongTerm Vision Asia 2050 Realizing the Asian

The Long-Term Vision

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 Philippines will be overtaken by India and Viet Nam; will be in the company of Mongolia and Cambodia. 107, 600 66, 700 47, 800 41, 700 37, 400 33, 800 26, 900 22, 700 Figure 3: Projections of Per Capita GDP (constant 2010 PPP) of Selected Asian Economies in 2050 Source of basic data: ADB Publication – Asia 2050

• 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. 3

Survey FGD The Long-term Vision (LTV) process 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 4

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

An overwhelming majority of Filipinos aspire for a simple and comfortable life… 3. 9 % Life of the Rich 16. 9 % Prosperous or Affluent Life 79. 2 % Simple and Comfortable Life 6

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

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

Vision for the Country: Hunger, local employment and poverty are the main socioeconomic issues that should be addressed No one is hungry All Filipinos have a chance for adequate jobs. . No one is poor 64 51 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 Base: Total Interviews unwtd/wtd (10000/10000)

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. . . Slightly important Base: Total Interviews unwtd/wtd (10000/10000) Slightly not important Definitely not important

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 smart and innovative, and will live in a high-trust society”

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) 12

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

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 Ambisyon Natin 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 Ambisyon Natin 2040.

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.

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