BARMM challenges agencies to sustain positive GRDP growth rate
The Regional Planning and Development Office (BARMM) is the regional counterpart of the National Economic and Development Authority (NEDA) in BARMM. Its Executive Director, Engr. Mohajirin T. Ali, delivered the agency’s statement or response on the recently reported economic performance of ARMM in 2018.
Engr. Ali expressed his gratitude for the efforts of PSA-BARMM, ministries, offices and agencies of BARMM for the positive GRDP result in the region. He explained that GRDP is the single most important indicator on measuring the performance of the regionâ€™s economy. It provides quantitative and meaningful pictures of the regionâ€™s economy. GRDP is one of the bases for planning, policy formulation, analytical exercises in the region.
The regional government is pleased to know that in 2018, the regional economy grew by 7.2 percent, though it is slower than the growth rate of 7.5 percent last 2017. The positive result of GRDP depicts that the region’s economy is thriving. This can be attributed to the different programs and projects that have been implemented in the region last year, especially with the resources provided in enhancing farmers’ productivity and ensuring the connectivity that resulted into improved ability of people in producing and delivering goods and services in the region.
This year’s GRDP will serve as baseline data to BARMM. The challenge now is how to sustain the 2018 GRDP growth rate, especially that the region is still in the stage of transition from ARMM to BARMM. With this, line agencies, including all sectors in BARMM are encouraged to continue their support by recording the necessary data required in GRDP estimation.
According to Engr. Ali, the government recommends that to sustain and improve further the region’s economic performance, it is high time to look at the closer link of the agriculture sector, with the industry and services sectors. Value-adding activities shall be explored and linked with manufacturing under the industry sector. There is a link to diversify further these areas and subsectors. For these to be realized, an efficient transport and logistics infrastructures should be put in place into BARMM.
The government is hopeful that BARMM will sustain the growth in GRDP in the succeeding years, especially that BARMM under BOL has an automatic appropriation in its annual block grant and other sources of funds that it can utilize for the development of the region.
As part of the priorities of BARMM, part of the block grant is expected to be allocated for the implementation of necessary infrastructures on education, health, social welfare, including the strategic infra that will link production areas to market. With all of these initiatives, it is hoped that these will contribute in improving further the region’s economy.
At the local level, there is also a need to increase consciousness of LGU on the importance of GRDP since most of the data for GRDP estimation is to be provided by them. There is also a need to strengthen coordination efforts with the private partners and non-devolved agencies in BARMM in order to generate their data for GRDP estimation. This also entails that the government should be visiting their plans and finding strategies to be able to sustain the growth in the regionâ€™s economy. There is also the need to strengthen the generation of a reliable, timely and accurate data.
The Executive Director highlighted that BARMM will ensure that it will give emphasis on the data validation and management since data is crucial in planning and decision-making of the government. A reliable and evidence-based data will help identify and design policies, program and projects truly reflecting the situation at the ground. Part of BARMM’s priorities in the coming months is the need to reconstitute or establish the Regional Statistics Committee (RSC), the Regional Project Management and Evaluation Committee (RPMEC) in BARMM as a mechanism for improving data generation and management.
Engr. Ali was thankful for the support of the ministries, offices and agencies in BARMM. He explained that there is a need also to strengthen their database or information management system that provides an updated and reliable data and information to support the policy thrusts and priorities of the current leadership.
Finally, he acknowledged the efforts of BARMM ministries, offices, agencies and LGUs and other sectors who supported PSA-BARMM by providing data and information during the 2018 GRDP estimation that resulted to the positive result of the region’s economic performance. This indicates that agencies’ support in providing data is vital in GRDP estimation. Without your support, we will not be able to visualize the data situation of the region’s economy, because GRDP estimation relies much on these data.