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Economic Development and Services

Philippine economy continues to expand, and the governments investments for inclusive growth must grow as well. Thus, the proposed Budget for 2015 reflects a 15.1 percent increase over the 2014 General Appropriations Act (GAA). Net of the debt burden, the Budget increases by a faster rate at 16.9 percent year-on-year. The total proposed Budget is equivalent to 18.4 percent of gross domestic product (GDP), higher than the 17.7 percent of GDP in 2014The 2015 Budget was designed following the objectives outlined by this framework:

Sustain economic expansion and facilitate the creation of more jobs;Accelerate poverty reduction by expanding key social protection and social services;Manage climate risks and build back better the communities ravaged by recent disasters; andEstablish an enabling environment for inclusive development through lasting peace and the rule of law; and, above all, through good governance.

Job Generation and Economic Expansion

Agriculture

The performance of the agriculture sector is a key determinant to the overall economic growth and to its people's food security. Recent Developments in the Philippine Agricultural Economy

Economic Performance Gross Domestic Product (GDP) grew by 7.33 percent. The agriculture and fishery sector, which contributed 17 percent to GDP.Employment and Wages The country's labor force in 2010 totalled 38.89 million persons. Employment rate was 93 percent. About 11.96 million persons were employed in the agriculture sector. This comprised 33 percent of the national employment.

Agricultural Support Services The government expenditures for the agriculture sector at P89.22 billion in 2010 was up by 9.58 percent from last year's record. Agricultural expenditures shared 6 percent in the national expenditures.Production Performance In 2010, production of palay and corn dropped by 3.04 percent and 9.34 percent, respectively. Output losses were, likewise, registered for coconut at 1.00 percent and sugarcane at 21.82 percent. Growth rates of more than 3.0 percent each were recorded by mango, tobacco, onion, cabbage and eggplant.

Natural ResourcesTheDepartment of Environment and Natural Resources (DENR)of the Philippine government responsible for governing and supervising the exploration, development, utilization, and conservation of the country's natural resources.

The most pressing environmental concerns in the country

Threat of emerging water scarcity

The Philippines obtains its watersupply form three major sources: rainfall, surface water resources, andgroundwater resources. While the country is bestowed with abundant water resources,the demand for water has continuously increased, resulting in the decline ofgroundwater levels.

Shrinking forested lands

Primary forests in the Philippines are beingdestroyed due to both logging and agricultural expansion, significantlydecreasing the Philippines natural resources.

Severe pressure on unique Biodiversity

Biodiversity loss in the Philippines stems from habitat destruction, overexploitation, chemical or environmental pollution, and biological pollution.

Threat on coastal and marine resources The countrys coastal and marine resources include coral reefs, sea grass beds, mangrove and beach forests, fisheries, invertebrates, seaweeds, marine mammals, and others.

Mixed results of mining resource development,

The mining industry contributes significantly to economic growth, specifically in terms ofinvestment and employment. However, a large number of mining activitiesare not covered by mining permits.

Extreme vulnerability to environmental hazards and climate-related risks.

The country is prone to natural hazards such as tropical cyclones,floods, earthquakes, and volcanic eruptions. This is primarily due to thecountrys location and natural attributes. Climate change has alsoaggravated these hazards.

The Government allotted this budget for natural resources

Commerce, Industry or Trade

"Enabling Business, Empowering Consumers

The Department of Trade and Industry is the executive departement of the Philippine Government tasked to expand Philippine trade, industries and investments as the means to generate jobs and raise incomes for Filipinos.

HistoryOctober 4, 1947-Department of Commerce and Industry (DCI)-was mandated to promote, develop, expand, regulate and control of foreign and domestic trade and industry, as well as tourism.June 21, 1974-Department of Industry-whose principal function was to promote and enhance the growth of the country's existing and thriving industries.June 2, 1975 -Department of Trade-to pursue efforts of the government toward strengthening the country's socio-economic development, particularly in the area of commercial activities.July 27, 1981-Ministry of Trade and Industry (MOTI)-took over the functions of the subsequently abolished Departments of Trade and of Industry.February 27, 1987Ministry of Trade and Industry and renaming it the Department of Trade and Industry (DTI).As a key agency of the Philippine Government, the Department of Trade and Industry is charged with creating a business-friendly environment conducive to the growth of enterprises and supportive of fair and robust trade in goods and services both within and outside the Philippines.DTI's services aim to advance the interests of its stakeholders or target clientsinvestors or businessmen, exporters, SMEs, and Filipino consumers.

DTIS ServicesService for Start-Ups or Potential EntrepreneursService for the InvestorService for the ExporterService for Existing EntrepreneursService for the ConsumerService for DTI EmployeesService for CorporationsService for CooperativesTransportation and CommunicationThe primary government agency responsible for the development and regulation of transportation and communications systems is the Department of Transportation and Communication (DOTC)

As one of the first government agencies established under the Malolos Constitution on January 21, 1899, the DOTC plays a crucial role in accelerating the country's economic development. It provides the backbone for growth and enhances the country's competitive edge by providing effective and efficient transportation and communications infrastructure systems that narrow the geographical and physical divide, connecting the country, its islands, and its people to the rest of the world

DOTC 2013-2015 Budget (in Billion): DOTCs budget consistently ranked 8th from 2013 to 2015.

20132014201534,185,121 B45,161,30659,463

Recent DOTC Projects:DOTC Public-Private Partnership Projects-The Project will involve the development of the existing Davao Sasa Port in Davao City into a modern, international-standard container terminal that will improve trade access to Mindanao and the Philippines by providing a dedicated containerized port in the region. North-South Railway Project - South Railway Commuter Line-The North-South Railway Project (NSRP, or the Project) is part of the Government of the Philippines (GOPs) efforts to promote inclusive growth. The Project aims to revive the railway to provide improved transport and logistics services to currently underserved areas and encourage more productive activities.P171-B South Line of the North-South Railway Project

Attached Agencies of DOTC:

Cebu Port AuthorityCivil Aeronautics BoardCivil Aviation Authority of the Philippines (CAAP)Light Rail Transit Authority (LRTA)Mactan-Cebu International Airport AuthorityManila International Airport Authority (MIAA)Maritime Industry AuthorityNorth Luzon Railways Corporation

Toll Regulatory BoardOffice of Transportation CooperativesOffice for Transportation SecurityPhilippine Aerospace Development CorporationPhilippine Coast GuardPhilippine Merchant Marine AcademyPhilippine National Railways (PNR)Philippine Ports Authority (PPA)

Utilities and InfrastructureDepartment of Public Works and Highways (DPWH)Department of Energy (DOE)National Water Resources Board(NWRB)

Department of Public Works and HighwaysIs theexecutive departmentof thePhilippine governmentresponsible for all safety of projects in the field ofpublic works.Is mandatedto undertake the planning of infrastructure, such as national roads and bridges, flood control, water resources projects and other public works, and the design, construction, and maintenance of national roads and bridges, and major flood control systems. Function (DPWH)The engineering and construction arm of the Government tasked to continuously develop its technology for the purpose of ensuring the safety of all infrastructure facilities and securing for all public works and highways the highest efficiency and quality in construction. Responsible for the planning, design, construction and maintenance of infrastructure, especially the national highways, flood control and water resources development system, and other public works inaccordance with national development objectives.

Department of Energy Is theexecutive departmentof thePhilippine Governmentresponsible for preparing, integrating, coordinating, supervising and controlling all plans, programs, projects and activities of the Government relative to energy exploration, development, utilization, distribution and conservationOrganizationThe Department is headed by the Secretary of Energy who is assisted by three Undersecretaries and three Assistant Secretaries. Under the Department are the Administrative Service, Financial Service, Information Technology and Management Service, Legal Service and Energy Research Testing and Laboratory Service.

The Department is composed of the following bureaus:Energy Resource Development BureauEnergy Utilization Management BureauEnergy Policy and Planning BureauOil Industry Management BureauElectric Power Industry Management Bureau andRenewable Energy Management Bureau

Units, agencies and corporations attached to the Department:

National Biofuels Board (NBB)National Power Corporation(NPC)National Transmission Corporation(TransCo)National Electrification Administration (NEA)Philippine National Oil Company(PNOC)Power Sector Assets and Liabilities Management Corporation (PSALM Corp.)

National Water Resources BoardIs the leading government agency for the water sector in thePhilippines, regardingwater resourcesandpotable water; it is conferred with policy-making, regulatory and quasi-judicial functions within the Philippine government.The NWRB is an attached agency of theDepartment of Environment and Natural Resourcesand responsible for ensuring the optimum exploitation, utilization, development, conservation and protection of the country's water resource, consistent with the principles of "Integrated Water Resource Management".Other Economic DevelopmentMilitary development expenditure (% of GDP) in PhilippinesMilitary expenditure was last measured at 1.28 in 2013, according to the World Bank.Military expenditures data, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defence ministries and other government agencies engaged in defence projects.

The National Statistical Coordination Board (NSCB)Is the agency responsible for compiling and monitoring the economic statistics of the nation.