The Philippines is unlikely to meet key end-of-plan targets under the Philippine Development Plan by 2028, particularly on economic growth, debt reduction, and the share of salaried workers, the Philippine Statistics Authority (PSA) said. The assessment was reported by Philstar Biz.
The PSA's projection indicates that the country's economic growth may fall short of the target, while public debt remains elevated. Additionally, the proportion of wage and salary workers in total employment is expected to remain below the plan's goal.
The shortfalls underscore structural challenges facing the economy as the government aims to achieve upper-middle-income status. The Philippine Development Plan serves as the country's blueprint for economic and social development through 2028.