REFORMING THE MARKET

• GDP increased from 3% in 2001 to 4.7% in 2003 and GNP from 3.5% to 5.6%, outperforming the economies of Indonesia, Taiwan, Hong Kong, South Korea and Singapore. Revenue collections continued to increase from P563.7 billion in 2001 to P626.6 billion in 2003. In 2004, January to May collections grew to P288.8 billion, up 12.5% from the same period in 2003.
• Foreign direct investments (FDI) of P115.4 billion in the first quarter of 2004 was the highest quarterly FDI turnout since the third quarter of 1997 and surpasses the past years’ annual performance.
• 3.4 million jobs were created from 2001 to 2003.
• The Electric Power Industry Reform Act was implemented, which resulted in discounts for large energy consumers, savings in Independent Power Producers (IPP) contracts, and reduction in systems losses.
• Investments in call centers and back office operations increased, resulting in 68 call centers with well over 25,000 seats, compared to only 2 centers with 2,000 seats in 2000.

REFORMING AGRICULTURE

• Created a total of 1.87 million jobs in the agriculture, fishery and forestry sector.
• Implemented the Agriculture and Fisheries Modernization Act (AFMA) by using P83.15 billion on irrigation, post-harvest facilities, other infrastructure, credit and other components.
• On May 7, 2004, the Sandiganbayan ruled that 27% of the shares of SMC may be rightfully taken over by the government in trust for approximately 20 million coconut farmers.

REFORMING SOCIAL ASSETS

• Provided shelter to nearly 300,000 informal settlers in urban areas, through presidential proclamations declaring socialized housing sites and through the Community Mortgage Program.
• Generated 3.4 million local employment and increased the average nominal minimum wage by 29.2%.
• Facilitated the deployment of 3.12 million Filipino workers to more than 200 overseas destinations, with remittances reaching a total of $22.77 billion.
• Enrolled 30.6 million urban and rural poor beneficiaries under the National Health Insurance Program—-more than 20 times the previous administration.
• Successfully contained the Severe Acute Respiratory Syndrome or SARS, recording the lowest count of mortality among 30 countries affected by the disease.
• A total of 964 school buildings were constructed in far-flung barangays.
• Electricity was provided to 4,483 barangays, attaining a 90.80% barangay-level electrification.

REFORMING THE BUREAUCRACY

• Created the Presidential Anti-Graft Commission (PAGC) to investigate complaints against all presidential appointees in the Executive Department.
• A multi-sectoral Lifestyle Check Coalition was created. A total of 159 lifestyle checks have been conducted, and more than 100 cases were endorsed to the ombudsman for appropriate action. Among those recently dismissed were a DPWH undersecretary and a BIR director.
• The Government Procurement Reform Act or RA 9184 was enacted into law to address loopholes in the government procurement system and to speed up bidding, thereby reducing graft and corruption.

REFORMING INSTITUTIONS THAT UPHOLD PEACE AND ORDER

• Pursued an all-out war against illegal drugs and neutralized 8 international and 191 local drug syndicates, arrested more than 100,000 big and small-time financiers, pushers and users, seized about P35 billion of illegal drugs and paraphernalia, dismantled 37 shabu laboratories, and cleared some 5,140 drug-affected barangays.
• Crime incidents were reduced by 15%.
• Broke the back of the Abu Sayyaf Group, cutting its strength by 65% and neutralizing its leaders, including Abu Sabaya and Kumander Robot.
• Enhanced the welfare of our soldiers and police through salary increases, which are now at par with the salary grade level of public school teachers, housing and scholarship programs.
• Supported the modernization of the electoral process through P3 billion funding releases.

Source: Office of the President