The National Economic and Development Authority (NEDA) was established to advise the Philippine government on economic matters and formulate development plans. NEDA's vision is to be a premier socio-economic planning body that provides high-level policy advice and consensus for inclusive development. It has an organizational structure that includes the NEDA Board Executive Committee and six attached agencies. Key priority plans under NEDA include the Philippine Development Plan 2017-2022, the Public Investment Program 2017-2022, and Regional Development Plans that aim to lay the foundation for sustainable and inclusive growth in the country by 2022.
The National Economic and Development Authority (NEDA) was established to advise the Philippine government on economic matters and formulate development plans. NEDA's vision is to be a premier socio-economic planning body that provides high-level policy advice and consensus for inclusive development. It has an organizational structure that includes the NEDA Board Executive Committee and six attached agencies. Key priority plans under NEDA include the Philippine Development Plan 2017-2022, the Public Investment Program 2017-2022, and Regional Development Plans that aim to lay the foundation for sustainable and inclusive growth in the country by 2022.
The National Economic and Development Authority (NEDA) was established to advise the Philippine government on economic matters and formulate development plans. NEDA's vision is to be a premier socio-economic planning body that provides high-level policy advice and consensus for inclusive development. It has an organizational structure that includes the NEDA Board Executive Committee and six attached agencies. Key priority plans under NEDA include the Philippine Development Plan 2017-2022, the Public Investment Program 2017-2022, and Regional Development Plans that aim to lay the foundation for sustainable and inclusive growth in the country by 2022.
Organizational Structure NEDA Priority Plans Brief History of NEDA • National Economic Council – To create an advisory body for economic concerns and in lieu to Commonwealth Act. No. 2, enacted on December 23, 1935, NEC was created to advise the government on economic and financial matters, and formulate an economic program based on national independence. • February 14, 1936 – In the Second State of the Nation Address of President Manuel L. Quezon, NEC was organized and inaugurated its initial members. It also includes the organization of the eight committees. Brief History of NEDA The Eight Committees • Committee on Agriculture and Natural Resources • Industry • Foreign Trade And Tariff • Domestic Trade • Transportation and Communication • Taxation • Labor and Immigration • Banking and Finance Brief History of NEDA • National Development Authority – In the 1958 State of the Nation Address of President Carlos P. Garcia, he created a new office in charge of the supervision of government corporations which he called NDA. • National Economic Development Authority - When Martial Law was declared on September 23, 1972, President Ferdinand E. Marcos reorganized and restructured the government agencies to meet the challenge of change and development. He merged the National Economic Council and the Presidential Economic staff, created by Executive Order No. 8, s. 1966, and renamed it to the National Economic Development Authority. Brief History of NEDA • National Economic and Development Authority - In 1973, the National Economic Development Authority was dissolved by virtue of Presidential Decree No. 107, s. 1973. The Presidential Decree created the National Economic and Development Authority, which absorbed the National Economic Development Authority. • After Martial law to Present Day - When democracy was restored in 1986, President Corazon C. Aquino issued Executive Order No. 230, s. 1987, which reorganized and added offices to the National Economic and Development Authority which is retained by the present day National Economic and Development Authority. NEDA Vision and Mission Vision: • Aspires to be the premier socio-economic planning body, highly regarded in macroeconomic forecasting, policy research and analysis; an acknowledged institution in providing high level policy advice, developing consensus and setting agenda for inclusive development Mission: • Formulate continuing, coordinated and fully integrated socio-economic policies, plans and programs NEDA Organizational Structure NEDA Board Executive Committee The NEDA Board ExCom was reactivated and reorganized by virtue of Administrative Order No. 8, s. 2017 (Rationalizing the Composition of the National Economic and Development Authority Board, the NEDA Board Executive Committee, and the Investment Coordination Committee). The powers and functions of the NEDA Board ExCom are as follows: Provide policy direction and resolve policy issues involving few agencies or a specific socio- economic sector, without the necessity of convening the entire NEDA Board, and in accordance with existing laws, rules and regulations; Approve development plans and programs consistent with the policies set by the President of the Philippines; and Confirm ICC-approved projects which are classified as extremely urgent by the ICC. The NEDA Board ExCom is composed of the President as the Chairperson, the Secretary of Socioeconomic Planning as Vice-Chairperson, and the following as members: the Executive Secretary, the Cabinet Secretary, the Secretary of Finance and the Secretary of Budget and Management. Six Agencies Attached to NEDA Six government agencies are attached to the NEDA for purposes of administrative supervision. These are the: Tariff Commission (TC); Philippine National Volunteer Service Coordinating Agency (PNVSCA); National Statistical Coordination Board (NSCB); National Statistics Office (NSO); Statistical Research and Training Center (SRTC); and Philippine Institute for Development Studies (PIDS) NEDA Board Executive Committee NEDA Priority Plans Philippine Development Plan 2017-2022 Strategic Outcomes A MATATAG, MAGINHAWA, AT PANATAG NA BUHAY BY 2040 will be achieved if we are able to lay down the foundation for inclusive growth, a high-trust and resilient society, and a globally-competitive knowledge economy by 2022. This goal will be supported by three pillars - MALASAKIT, PAGBABAGO, AND PATULOY NA PAG-UNLAD - which are further supported by strategic policies and macroeconomic fundamentals, and built on a solid bedrock of safety, peace and security, infrastructure, and a healthy environment. Public Investment Program 2017-2022 Strategic Outcomes The 2017-2022 Public Investment Program (PIP) contains the rolling list of priority programs and projects (PAPs) to be implemented by national government agencies (NGAs), government owned and controlled corporations (GOCCs), government financial institutions (GFIs), and other national government offices and instrumentalities, including state universities and colleges (SUCs) within the medium term (or the Plan period: 2017 to 2022). Regional Development Plan 2017-2022 Strategic Outcomes The implementation of the plans and programs anchored with the Philippine Development Plan 2017- 2022. All regions have their own priority plans depending on their needs and future development plans. The Official Development Assistance (ODA) The ODA, as defined in Republic Act 8182 – ODA Act of 1996, is a loan or a grant administered with the objective of promoting sustainable social and economic development and welfare of the Philippines. ODA resources must be contracted with governments of foreign countries with whom the Philippines has diplomatic, trade relations or bilateral agreements or which are members of the United Nations, their agencies and international or multilateral lending institutions. Socioeconomic Reports (SERs)2017
The Philippine Development Plan (PDP) 2017-2022 promises
to lay down the foundation for inclusive growth, a high-trust and resilient society, and a globally-competitive knowledge economy. The foundation should be solid enough to propel the country on a faster economic growth path while ensuring that no one is forsaken, and all Filipinos are empowered to attain their AmBisyon.