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2015 PBM
2015 PBM
2015 PBM
PNOY014988
PNOY014990
PNOY014992
2015
1,473.0 B 1,580.0 8
1,829.0 6
1,998.4 B
2,264.6 B
(proposed)
2,606,0 B
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Hence, this Budget will provide the impetus for our economy
to post a 7.0 to 8.0 percent growth in 2015 and 7.5 to 8.5
percent growth in 2016 after our GDP in 2013 grew by an
outstanding 7.2 percent, among the highest in our region.
We look forward to drivers of growth in 2015, including
stable basic commodity prices, the influx of new
investments, a healthier manufacturing sector, buoyant
international and domestic tourism, stronger exports, and
improved external trade conditions.
Table 1: Macroeconomic Assumptions, 2013.2015
2013.
A ctual
Parameter
Real GDP Growth (%)
Inflation Forecast (%)
364-Day T-bill Rate (1'0
FORE, X (Ph .+U3$)
Brumes: BSP,
7,2
3,0
0.7
20 14
2.015
8,5-7
3.0-5.0
7,0-8,0
2,0-4.0
2,0-4.0
4 2.0-45,b
42,6-45,0
NSCB
Fiscal Program
We will maintain our budget deficit at 2.0 percent of GDP,
which is equivalent to P283.7 billion 3. This level will enable
us to balance the need for increased public investments
while keeping them within our means. To achieve this, we
will continue to pursue reforms to increase revenue
collections without burdening our people with additional
debt. We will leverage our investment grade credit ratings
to further reduce the cost of our borrowings and size of our
debt stock.
With a programmed disbursement level of P2.621 trillion and revenues of
P2.337 trillion, the projected deficit for 2015 is P283.7 billion. The P2.606
trillion is the proposed obligation budget for 2015.
3
16
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Social 5erices
Euunomiu
VIL:L4S
,
Ge e-ro I Public., SC r54C4n
Defense
Debt Burden
TOTAL
2015
2014
Propas'e.ct
Progrnn
641.9
967.9
15,0
709,2
37.2
26,2
37.1
593.1
20.9
3.62.6
99.5
377.6
423.1.
15.0
16.2
10;1
15,7'
115,5
4.0
4.4
2.9.0
399.4
16. 7
15.3
2,2 6 4,6
2..606,0
't CO, 0
100.0
.15.1
19
FT0p05" C<J
Program
1,748.1)
1.665,9
77.2
75.4
12.4
662.5
360,0
751,7
432,0
29,
17,2
15.0
SubSICIY
45,0
61,3
2,0
29.2
10.0
2,4
AllotrnAnt in 1
27:4.7
111 14
12.1
I n t e r es t P a y m e n t s
fax Expenditure 1 - '-uncl
352.7
25.9.
372,6
25,
15.5
14,3
5.7
7.2
7.1)
(5.3)
C ap ita l Ou tla ys (C O)
400.5
613.6
21.7
29,5
25.0
4016
2,3
506,4
1,4
17.8
0.1
10.4 .
0. 1
(39.9)
84.9
105.0
3.7
26,5 1,
25.0
2,264,6
2,606..0
Proposed
12.0
100.0
11.3
36.3
/4,1
25,5
4.1
24,7
1.0
6.2
100.0
15.1
20
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PNOYO 1 501 4
will provide our poor with social safety nets that they can
depend on in order to prevent them from sliding deeper into
poverty.
Therefore, we will continue to sustain the Pantawid
Pamilyang Pilipino Program because nothing is more
effective than giving direct help to poor families, who, in
exchange for cash grants, commit to keep their children in
school and seek healthcare for their pregnant women.
Last year, we expanded the program to help children
beneficiaries finish high school because studies say that
those who complete their secondary education have better
chances of getting employed. We also covered homeless
families and indigenous people who would otherwise be
untargeted under our current household-based survey.
We will continue to support 4.4 million poor households
under the conditional cash transfer (CCT) program with an
allocation of P64.7 billion. The DSWD has committed that by
2015, about 50 percent or 2 million families under the CCT
program will be uplifted from survival to subsistence, and
another 6 percent or 300,000 families will transition from
subsistence to self-sufficiency.
While the budget for the CCT program was increased
marginally by 3 percent, we greatly increased our
investments for community-driven development and social
pensions for indigent senior citizens.
We believe our poor can overcome poverty when they are
empowered. Therefore, this Budget will fund projects that
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primary education and that those who finish high school are
better prepared to take on jobs of the 21st century economy.
With this Program, we have adopted the international
standard for primary education.
The K to 12 Education Program provides our children, the
best possible education, and we have achieved important
milestones early in its implementation. We have completed
the curriculum guides. We have trained our Grades 3 and 9
public school teachers. We have begun the licensing process
for private schools, and we are in the process of identifying
possible Senior High School implementers.
To support the implementation of the K to 12 Education
Program, 39,066 more teachers will be hired, and 31,728
classrooms will be constructed in 2015. These
augmentations will address the backlogs in critical inputs
that are anticipated from an increase in student population
as well as from the requirement of incoming senior high
school enrolment. Additionally, we will provide our students
with quality textbooks and well-equipped laboratories and
classrooms. We will fine-tune our curriculum and connect
our schools to the Internet so that early on, our basic
education program will fit the needs of local industries and
global markets.
Thus, with a budget allocation of P364.9 billion for 2015, the
Department of Education will make sure all of our children
will be in kindergarten, 98 in every 100 will be enrolled in
elementary, and 70 in every 100 will attend high school. By
2015, we want the Grade 10 achievement rate to increase to
62 percent. We want to see that the percentage of
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the National
Reduction.
Housing
Targeting
Survey for
Poverty
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P N P Y 0 1 5 0 2 6
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