BALANGA CITY- Bataan Governor Albert Raymond S. Garcia is eyeing the expertise of the (NEDA) to undertake an in –depth and efficient appraisal performance analysis of the local government units to find out exactly the socio-economic impact of their development programs in the countryside.
He stressed the NEDA should conduct a positive assessment of the local government agencies instead of concentrating on the regional stage as part of the performance measurement study of their capability of pursuing good governance, socio-economic and investments levels .
The young provincial executive is comparing the economic development of a tiny state of Singapore to Bataan, a fast emerging investment hub in Central Luzon .
Local and foreign investors have described the Bataan peninsula as a potential economic growth center in the country with its rapidly growing industrial, manufacturing, commercial and consumer service sector .
Garcia, the first Balanga city mayor and three-term congressman of the Province’s second district, said that he has sought the assistance of the NEDA to carry-out prudently an economic analysis of the provincial government and municipal executives of which the result becomes a scholarly manifestation of an effective local manager on the right tract of achieving its goal of socio-economic progress.
Garcia pointed out NEDA has adequate economists and survey experts to ascertain the actual performance of local executives based on its respective development plans and growth rate .
He said the NEDA economic survey output of local executives may greatly improve investment posture scheme which eventually encourage more investors to come in and participate in local public and private partnership projects.
Asian and American investors have signified their intentions to put up industrial and manufacturing firms with the operation of a coal-fired power plant in Mariveles town and the construction of a multi-billion peso power plant in Limay town which reportedly will ensure uninterrupted power supply to the Province`s five economic zones.
Garcia cited the economic gains of the Province with the status of the Freeport Area of Bataan (FAB) in Mariveles town which is now considered as the fastest growing economic zone in the country. The industrial development in Limay and other processing zones in Hermosa and Morong towns, in the totality may surpass the annual national economic growth rate of 7.2 percent.