The most important objectives of the public enterprises are stated as follows :

Philippine economic growth to last for the next 35 years | News

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(a) To maximize the rate of economic growth.

(b) To provide basic infrastructural facilities to accelerate the pace of economic growth.

(c) To increase employment opportunities and to eliminate exploi­tation of labour.

(d) To reduce inequalities in the distribution of wealth and income and curb the growth of monopoly power.

(e) To bring about balanced regional development.

(f) The increase exports and earn more and more of foreign ex­change.

(g) To bring about an optimal allocation of resources.

(h) To be self-reliant in modern technology.