It's the Economy, Student!2- Presentation Version, 1-12-12, Mla Hotel

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³IT¶S THE ECONOMY,

STUDENT!´By Gloria Macapagal Arroyo, PhD

12 January 2012 Manila Hotel



W HAT I LEFT BEHIND

A new Philippines with 7.9 perc ent growth after an e ntiredecade of unbroken growth

Nearly nine out of 10 Filipinos with access to health insurance,more than 100,000 new classrooms buil t , 9 mil l ion jobs created

Roads and bridges, ports and airports, irrigation facil itieswherever most needed

Free or subs idized rice, discounted fuel and e lectricity,conditional cash transfers for the poor



The gains I achievedwere built on the efforts

of previous leaders.

BUILD UP, DON¶T TEAR DO W N

Each successivegovernment must build onthe successes andprogress of the previousones:

- advance theprograms that work,

- leave behind thosethat don¶t.´



³Polit ics of division´ -> slumping growth, under-achievinggovernment, escalating crime and conflict, the excesses of apresidential clique that enjoys fancy cars and gun culture

DESTRUCTIVE POLITICS

³The weak state´ -> a large gap between rich and poor ²one exploited for polit ical ends ² and a polit ical systembased on patron age and, ultimately, corruption to suppo rt

that patronage

Continuing threat of double-dip global recession



Only by enlarging the economic piecan there be more and bigger slices for everyone.

A BETTER ALTERNATIVE:

³Kung walang corrupt, walang mahirap´ ??

Now more than ever, as the worldfaces renewed threats of financialand even sovereign defaults aswell as economic recession, it ishigh time for us to return to thecommitment to growth that hasbeen the primary objective of everyadministration in the past.



A W HOLE NE W INDUSTRY: BPO



My dream was for the Philippines to break out of the boomand bust cycle of an economy dependent on global marketsfor agricultural commodities, and pursue consistent andsustainable growth anchored on a large domestic mark etand the resiliency of Filipino workers at home and abroad.

MY ECONOMIC VISION



The President failed to rescueour countrymen from China¶sdeath row, or promptly evacuatethem from national disaster inJapan, or comprehensivelysecure them from political unrestin the Middle East.

PROTECTING OUR OVERSEASW ORKERS

Protecting them in the future will

require contingency planning andcontinuous backdoor diplomacywith their host governments,while creating alternative jobs athome through a renewedcommitment to economicexpansion.



C ancelling flood control projectsin Central Luzon, investorssuing us abroad, only one PPPproject after 18 months!

FLIP-FLOPPING ONINFRASTRUCTURE

Too late for catch-upgovernment spending this year?Or just in time for the electioncampaign next year?



MY AGRICULTURAL REFORMS



IF NOT RICE SELF-SUFFICIENCY,W HAT¶S OUR VISION FOR

AGRICULTURE?The real challenge in this centuryis to make the finite land that wehave planted to agricu lture ever more productive, throughagricultural modernization foundedon soci al equity.

By mak ing more food available atlower prices especi ally to our poor,

we are effectively bringing downthe required level of real wages inour country²already among thehighest in the world ²and helpingto make our manufacturingindustries globally competitiveagain.



³The Com prehensive AgrarianReform Program«should now bea developmental program aimingexplicitly to raise farmproductivity«so that the countryas a whole will benefit from thetenurial rearrangement .´

LAND PRODUCTIVITY, NOT JUSTO W NERSHIP

The landowners must set the

example of compliance with thelaw²such as the Arroyos in myhusband¶s family, who submittedlong ago to land reform evenwithout an order from theSupreme Court.



W e increased the total budget for education by nearly four t imes: from Ps 6.6 Bill ion in 2000 to Ps 24.3 Bill ion in 2010when I stepped down.

MY INVESTMENT IN EDUCATION

W e built 100,000 new classrooms, more than the threeprevious administrations combined.

We supported one in every two private high scho olstudents²a total of 1.2 million students--with the GASTPE

financial voucher program.

In 2009 alon e, we doubled TESDA¶s budget.



Invested o n Crucial R es ourc es for L e ar n in g (i n PB)

FY 200 0 F Y 2 001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010*

School Heads 29 0 296 0 323 292 174 214 525 330 391Training 84 581 940 940 1,040 800School Seats 83 500 450 450 1,000 1,000 1,000 1,000 1,062 877

Textbooks 1,326 1,566 517 46 452 0 1,300 665 217 2,073

Teachers 699 0 2,037 0 1,002 856 957 2,160 983 1,284 1,058

GASTPE 751 759 774 1,284 1,537 1,722 1,974 2,836 3,148 2,640 3,940School MOOE 1,751 2,129 2,171 2,583 3,059 3,563 5,477 6,720 7,201 7,198

Classrooms 5,160 5,392 5,817 5,983 8,119 6,115 9,677 9,890 6,393 8,938 7,865

0

5,000

10,000

15,000

20,000

25,000

30,000

I n M

i l l i o n

P e s o s

P6.6B

P9.3B

P13.1BP10.4B

P14.1B P13.6B

P23.8B

P20.4B

P22.7B P24.2B

Unit Prices Used for Estimating Costs:

P17.9B

22

MY INVESTMENT IN EDUCATION



EFFECTIVE ANTI-POVERTYPROGRAMS«

Increased PhilHealth insurancecoverageSet up nearly 16,000 Botika ngBarangay outlets to deliver affordablemedicines to the poor Ordered the drug companies to reducetheir prices

Energized 98.9 percent of our barangaysProvided water service to 70 percen t of previously waterless municipalities

And introduced ³Four P¶s´, the highlysuccessful conditional cash transfer (CCT) program.



Despite the global food and oilprice spikes of 2008, domestic

inflation slowly declined on mywatch, bottoming out at 3.9percent by the time I steppeddown in June 2010.

«PLUS EFFECTIVE MACRO-MANAGEMENT

Unemployment, which hadpeaked at nearly 14 percentunder President Estrada, wasaveraging only around 7.5percent toward the end of myterm in office.



We regis tered 40 projects abroad to reduce greenhouse gases²the s ixth largest number of such projects among al l countr ies .

REALLY PROTECTING THEENVIRONMENT

On my watch as Pre sident, the country¶s forest cover increasedfrom 5.39 mil l ion hectares in 2001 to 7.17 mil l ion hectares by2009.

I s igned a large number of laws to codify environmentalprotection²including new legislation for Ecological Solid W asteManagement, W i ldlife Resource Conservation and Protection,Clean W ater, and B iofuels.

I create d the Presidential Task Force on Climate Chang e in2007, la ter enhanced into the Climate Change Commissionunder the Clima te Change Act of 20 09. Unfortunately, President

Aquino to date has not yet e ven convened this commiss ion.

I devoted every Friday to environmental issues.



1. Planning ahead -- not pointingfingers and blaming others after the

fact

ESSENTIALS OF GOODMANAGEMENT

2 . Hands-on execution -- notabsenteeism, nor coming to worklate and leaving early

3 . E xercise control w ithout fear or favor ± neither selective vendettasnor KKK coddling



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It's the Economy, Student!2- Presentation Version, 1-12-12, Mla Hotel