Updated Philippine Development Plan, 2017-2022

The Updated Philippine Development Plan (PDP) 2017-2022, like its predecessor and original version PDP 2017-2022, is anchored on the long term vision for Filipinos to attain a “matatag, maginhawa at panatag na buhay” (stable, comfortable and secure life). The updated version was prepared to respond to the emergence of new threats to the country's growth prospects and to guide the transition towards economic recovery. The goal of the Updated PDP is to lay down the foundation for inclusive growth, a high trust and resilient society, and a globally-competitive knowledge economy. The PDP identifies three major pillars, namely "Malasakit" (Enhancing the Social Fabric), "Pagbabago" (Inequality-Reducing Transformation), and "Patuloy na Pag-Unlad" (Increasing Growth Potential), encompassing strategies to achieve its objectives. The Malasakit pillar is about enhancing the social fabric. The strategies aim to build the foundations for a high-trust society by ensuring a clean, efficient and people-centered governance; guaranteeing swift and fair administration of justice; and increasing awareness of the different cultures and values across Philippine society. The "Pagbabago" pillar is about effecting inequality reducing transformation. It consists of strategies to expand economic opportunities, accelerate human capital development, reduce vulnerability, and build safe and secure communities. The "Patuloy na Pag-unlad" pillar is about increasing potential growth. It consists of strategies to enhance the factors necessary to accelerate and sustain growth and development through 2040. It is about promoting science, technology and innovation. It also covers strategies to reap the demographic dividend.