On January 27, 2023, President Ferdinand R. Marcos, Jr. signed Executive Order (EO) No. 14, approving and adopting the Philippine Development Plan (PDP) 2023-2028.

“The timely signing of this EO sets us off to a promising start this 2023. By taking stock of the many lessons we have learned from the past 3 years, the PDP clearly and coherently maps out our vision, timeline, and strategies for deep and genuine socioeconomic transformation,” said Finance Secretary Benjamin Diokno.

EO 14 directs all 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, disseminate, and implement the PDP 2023-2028.

The PDP 2023-2028 is the second medium-term plan that is anchored on the long-term vision of AmBisyon Natin 2040. It aims to bring the Philippines back to its high-growth trajectory and enable economic and social transformation for a prosperous, inclusive, and resilient society.

Policies and actionable strategies were incorporated into the Plan to ensure that the goals stated in AmBisyon Natin 2040, the 2030 Agenda for Sustainable Development, 8-Point Socioeconomic Agenda, and the Medium-Term Fiscal Framework (MTFF) 2022-2028 would be achieved.

In accordance with EO 14, all concerned government agencies must align their budgetary and departmental/corporate programs with the strategies and activities identified in the PDP 2023-2028.

The Department of Budget and Management (DBM) shall provide necessary budget support for the implementation, monitoring, assessment, and updating of the PDP 2023-2028 and Public Investment Program (PIP) 2023-2028.

The PIP will contain the priority programs and projects (PAPs) to be carried out by agencies from 2023 to 2028. All concerned government agencies are directed to identify PAPs in accordance with the October 7, 2022 PIP Formulation Guidelines issued by the National Economic and Development Authority (NEDA).

The formulation of the PIP 2023-2028 shall be completed by the first quarter of 2023 and updated annually or when deemed necessary by the NEDA.