EIGHTEENTH CONGRESS OF THE) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session 
)
of li;f ^rcrftary
*19 
DEC 19 P5 22
SENATI
S.B. No.
1^56
Introduced by SENATOR IM EE R. MARCOS
AN ACT
IN S T IT U T IO N A L IZ IN G  THE N A TIO N A L ECONOMIC AND DEVELOPMENT 
A U TH O R ITY  AS THE IN D EPEN DEN T ECONOM IC AND PLAN N IN G  AGENCY OF 
THE P H IL IP P IN E  GOVERNMENT, D E F IN IN G  ITS  FUNCTIONS AND AM EN D IN G  
EXECUTIVE ORDER NO. 230 SERIES OF 1 987, AS AMENDED, APPR O PR IATIN G  
FUNDS THEREFOR, AND FOR OTHER PURPOSES
EXPLANATORY NOTE
Article XII, Section 9 o f the 1987 Constitution provides that:
"The Congress inay establish an independent economic and planning 
agency headed by the President, which shall, after consultations with the 
appropriate public agencies, various private sectors, and local government 
units, recommend to  Congress, and implement continuing integrated and 
coordinated programs and policies fo r national development.
Until the Congress provides otherwise, the National Economic and 
Development Authority shall function as the independent planning agency 
of the government."
The National Economic and Development Authority (NEDA) was established in 
1973 by Presidential Decree No. 107, absorbing the powers and functions of the previous 
National Economic Development Authority as reconstituted under Presidential Decree No. 
1-A. The NEDA was reorganized to its current structure by Executive Order No. 230 Series


of 1987. This bill acts upon Article XII, Section 9 of the 1987 Constitution by 
institutionalizing the NEDAto implement long term , integrated, and coordinated programs 
and policies for national development. The institutionalization of NEDA seeks to (1) 
facilitate planning and coordination among relevant government agencies; (2) ensure 
non-redundancy, effectivity, and efficiency in the alignment of economic resources; (3) 
improve access to data and infoiTnation needed for suppoiting economic research; (4) 
encourage investments that improve the competitiveness and job-generating capacity of 
the country; and (5) alleviate poverty and improve the socioeconomic conditions of the 
Filipino people.
Given the abovementioned circumstances, the immediate passage of this bill is 
necessary.
-IM E E  R -IS a RCOS


EIGHTEENTH CONGRESS OF THE) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session 
)
SENATE
S.B. No. 
1256
«•- • 
-'■'I' 1' ■
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(©(f.’Cf of tl)c i»rc;ctnr|>
'19 
OEC 19 
95 22
Introduced by SENATOR IMEE R. MARCOS
AN ACT
IN S T IT U T IO N A LIZ IN G  THE NATIONAL ECONOMIC AND DEVELOPMENT 
AUTHORITY AS THE INDEPENDENT ECONOMIC AND PLANNING AGENCY 
OF THE P H ILIP P IN E  GOVERNMENT, DEFIN IN G  ITS  FUNCTIONS AND 
AM ENDING EXECUTIVE ORDER NO. 230 SERIES OF 1987, AS AMENDED, 
APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
Be it  enacted by the Senate and the House o f Representatives o f the Phiiippines in 
Congress assembled.
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CHAPTER I
INSTITUTIONALIZATION AND ORGANIZATION OF THE NATIONAL 
ECONOMIC AND DEVELOPMENT AUTHORITY
ARTICLE I.
POWERS AND FUNCTIONS OF THE NATIONAL ECONOMIC AND 
DEVELOPMENT AUTHORITY
Section 1. Short Title. -  This Act shall be know n as the “The National 
Economic and D evelopm ent A uthority Act of 2019.”
Sec. 2. Declaration of Policy. -  The State shall adopt and im plem ent 
continuing integrated and coordinated long, m edium , and short term  
developm ent p lans and policies to achieve the following goals: full em ploym ent 
tow ards sustainable and inclusive economic growth; equitable distribution of
1


1 
opportunities, incom e, and w ealth; and increased productivity as a key to
2 
raising the quality of life for all. To this end, it is recognized th a t the
3 
form ulation of socioeconom ic policies and plans is a vital process th a t calls
4 
for the participation of the public and private sectors a t the national and sub-
5 
national levels. The form ulation and adoption of these policies and plans need
6 
to be coordinated and im plem ented by an independent econom ic and
7 
planning agency, to be headed by the President, to en su re the consistency of
8 
policies, plans and program s for national developm ent and the su stainable
9 
u se of the n atio n ’s resources.
10
11 
Sec. 3. The National Economic and Development Authority. -  There is
12 
hereby established an independent economic and planning agency, w hich
13 
shall be know n as the N ational Economic and D evelopm ent A uthority,
14 
hereafter referred to as NEDA. The NEDA shall generate and provide
15 
im partial, objective, and evidence-based analyses and, in consultation with
16 
public agencies, various private sectors, and local governm ent u n its, shall
17 
recom m end socio-economic policies, strategies, plans, and program s and
18 
projects, to the President of the Philippines, the C ongress of the Republic of
19 
the Philippines, and Filipino people in general for the betterm ent of the nation.
20 
The NEDA shall consist of two (2) distinct b u t related entities, nam ely,
21 
the N ational Economic and Developm ent A uthority Board and the NEDA
22 
Secretariat, hereafter referred as the NEDA Board and the NEDA, respectively.
23 
Sec. 4. Powers and Functions. -  The NEDA shall have the following
24 
pow ers and functions:
25 
(1) 
Form ulate, in consultation w ith appropriate public agencies, civil
26 
society organizations, non-governm ent organizations, people’s organizations,
27 
the academ e, the private sector, and local governm ent u n its, continuing
28 
integrated and coordinated policies, plans and program s for national and
29 
regional developm ent, such as, b u t not limited to:
30 
(a) 
Long-term national developm ent plans;
31 
(b) 
M edium -term  
and 
short-term  
national 
and 
regional
32 
developm ent plans;


1 
(c) 
M edium -term  
national 
and 
regional 
public investm ent
2 
program s;
3 
(d) 
National and regional physical fram ework plans; and
4 
(e) 
Sectoral, inter-sectoral and spatial plans and program s.
5 
(2) 
E nsure the harm onization of national and regional plans and
6 
program s by prescribing standards, 
guidelines, and com pliance and
7 
accountability m echanism s tow ards continuing integrated and coordinated
8 
program s and policies for national developm ent;
9 
(3) 
Help ensure and coordinate the integration of national, regional,
10 
su b-national and spatial plans and program s for consistency and alignm ent
11 
w ith the overall developm ent objectives of the country;
12 
(4) 
Prioritize policies and strategies, w ith corresponding program s,
13 
activities and projects, and funding from the national governm ent, official
14 
developm ent assistance (ODA), public-private p artn ersh ip s (PPP), and other
15 
viable sources of funding, as basis for budget expenditure policies an d  budget
16 
form ulation, in coordination w ith im plem enting agencies, and for reporting to
17 
the NEDA Board and its com m ittees;
18 
(5) 
M onitor and evaluate national and regional program s and
19 
projects of governm ent, funded by the national governm ent, 
official
20 
developm ent assistance, public-private partnerships, and other viable
21 
sources of funding to ensure their proper im plem entation and the
22 
achievem ent of goals for w hich such program s and projects were approved;
23 
(6) 
Review, m onitor and a ssess the im pact of policies, regulations,
24 
an d  program s of the governm ent, and recom m end to concerned governm ent
25 
agencies and instrum entalities strategies and m easures, including proposed
26 
legislation, in collaboration w ith the Philippine Institute of Developm ent
27 
Studies, a s necessary, to achieve sectoral developm ent goals;
28 
(7) 
Recom m end policies th a t w ould encourage investm ents to ensure
29 
th a t the econom ic and business environm ents and regulatory fram ew orks are
30 
consistent w ith the developm ent agenda and plans of the country; and
31 
(8) 
Provide technical, advisory and secretariat support services to the
32 
NEDA Board and its com m ittees, the Regional Developm ent Councils, and
33 
other stakeholders.


2 
ARTICLE II.
3 
THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY BOARD
4 
Sec. 5. Composition of the National Economic and Development
5 
Authority Board (NEDA Board). -  The pow ers and functions of the NEDA shall
6 
reside in the NEDA Board, com posed of eight (8) m em bers;
7 
(1) 
The President of the Philippines, who shall be the C hairperson of
8 
the NEDA Board;
9 
(2) 
The Secretary of NEDA, who shall be the V ice-Chairperson;
10 
(3) 
The Secretary of Finance;
11 
(4) 
The Secretary of Budget and M anagem ent;
12 
(5) 
The Secretary of Interior and Local G overnm ent;
13 
(6) 
The Secretary of Trade and Industry;
14 
(7) 
The Secretary of Public W orks and Highways; and
15 
(8) 
The G overnor of the Bangko Sentral ng Pilipinas (BSP), as a
16 
resource institution.
17 
All m em bers of the NEDA Board, except the G overnor of the BSP, are
18 
voting m em bers.
19 
The presence of the C hairperson and least three voting m em bers shall
20 
constitute a quorum .
21 
The President of the Philippines m ay designate additional voting
22 
m em bers to the NEDA Board.
23
24 
Sec. 6. Meetings. -  The NEDA B oard shall m eet a t least once every
25 
quarter. The presence of the C hairperson and least three voting m em bers
26 
shall constitute a quorum . W henever the President is unable to preside, the
27 
V ice-Chairperson shall preside.
28 
A special m eeting of the NEDA Board m ay be convened by the
29 
President to address urgent concerns, or em ergencies, such as n atu ral
30 
disasters, calam ities, or other extraordinary circum stances w hich would
31 
affect the econom y and national developm ent.


1 
All decisions of t±ie NEDA board shall require the concurrence of the
2 
President of the Philippines and at least a m ajority of the voting m em bers
3 
p resen t a t a m eeting at w hich there is a quorum .
4 
The NEDA shall m aintain and preserve a com plete record of the
5 
proceedings and deliberations of the NEDA Board, including the recordings
6 
and transcripts, either in their original form, or in any secured digital format.
7
8 
Sec. 7. Withdrawal of Persons Having a Personal Interest. -  In addition
9 
to the requirem ents of Republic Act (RA) No. 6713, any m em ber of the NEDA
10 
Board w ith personal or pecuniary interest in any m atter in the agenda of the
11 
NEDA Board shall disclose his interest to the Board an d  shall w ithdraw  from
12 
the m eeting w hen the m atter is taken up. The decision taken on the m atter
13 
shall be m ade public. The m inutes shall reflect the disclosure m ade and the
14 
recusal of the m em ber concerned from the meeting.
15
16 
Sec. 8. Exercise of Authority. -  In the exercise of authority, the NEDA
17 
Board, upon its recom m endation to and upon approval thereof by the
18 
President, shall:
19 
(1) 
Direct the form ulation and im plem entation of policies and
20 
strategies 
th a t 
would 
prom ote 
economic 
developm ent 
and 
address
21 
developm ent concerns of national im portance;
22 
(2) 
Issue rules and regulations necessary for the effective discharge
23 
of the pow ers and functions vested upon the NEDA;
24 
(3) 
E nsure, 
together 
w ith 
the 
D epartm ent 
of 
B udget 
and
25 
M anagem ent and other relevant governm ent oversight agencies, th a t the
26 
an n u al and m ulti-year appropriations for program s and projects are aligned
27 
w ith the developm ent strategies in the MTPDP and MTRDPs;
28 
(4) 
Recom m end to C ongress, the integrated developm ent plans and
29 
program s w hich will serve as bases for the an n u al budget review and
30 
deliberation;
31 
(5) 
Approve projects, program s and plans as required u n d er existing
32 
laws, orders, rules and regulations, and other issuances;


1 
(6) 
Direct the reorganization, or establishm ent of inter-agency
2 
com m ittees u n d er the NEDA Board, including the m odification of its
3 
m em bership, structures, powers, and functions.
4
5 
Sec. 9. Inter-Agency Committees. Inter-agency com m ittees shall be
6 
created to be the prim ary advisory bodies to the NEDA Board. It shall subm it
7 
recom m endations on m atters involving their concerns to the NEDA Board for
8 
approval.
9 
The President, upon the recom m endation of the NEDA Board, shall
10 
designate the respective C hairpersons of these C om m ittees, including the
11 
Secretariat.
12 
The NEDA Board m ay create other inter-agency com m ittees, or modify •
13 
existing ones, in respect to their stru ctu res, com positions, powers, and
14 
functions. The inter-agency com m ittees m ay call on any departm ent, bureau,
15 
office, or agency for support or assistan ce in the perform ance of their
16 
functions.
17 
The inter-agency com m ittees m ay create sub-com m ittees, w henever
18 
appropriate, for the purpose of dispensing w ith any of its respective functions.
19 
The com position of the inter-agency com m ittees shall be w ithout
20 
prejudice to the participation of representatives of other governm ent agencies
21 
or bodies, or of authorized representatives of m ajor organizations of local
22 
governm ent 
officials, 
civil 
society 
organizations, 
non-governm ent
23 
organizations, 
people’s 
organizations, 
the academ e, 
or other private
24 
organizations as may be considered desirable by the com m ittee in its
25 
deliberations.
26 
The following shall be the NEDA Board Inter-Agency Com m ittees:
27 
(1) 
Development Budget Coordination Committee (DBCC) - The DBCC,
28 
to be com posed of the Secretaries of B udget and M anagem ent, National
29 
Econom ic and D evelopm ent A uthority, Finance, the Executive Secretary, and
30 
th e Governor of the Bangko Sentral ng Pilipinas, shall have the following
31 
functions:
32 
(a) 
Recom m end for Presidential approval the level of an n u al
33 
governm ent expenditures and the ceiling of governm ent spending for


1 
econom ic and social developm ent, national defense, and governm ent
2 
debt service;
3 
(b) 
Recom m end the budget to be allocated for curren t
4 
operating expenditures and capital outlays of governm ent program s
5 
and projects;
6 
(C) 
Identify and determ ine the level of expenditure program  of
7 
national governm ent agencies by region, in accordance w ith the
8 
approved regional developm ent plans and regional developm ent
9 
investm ent program s;
10 
(d) 
A ssess the overall econom ic situation of the country, w hich
11 
includes economic growth, m onetary, fiscal, and possible economic
12 
risk s w hich m ay require policy reform s;
13 
(e) 
C onduct periodic review of fiscal and m acroeconom ic
14 
targets, 
and 
the 
revenue and expenditure 
projections of the
15 
governm ent;
16 
(f) 
Prepare a strategic m ulti-year fiscal program  w hich
17 
su p p o rts the long-term  and m edium -term  developm ent objectives of
18 
the country; and
19 
(g) 
Form ulate 
and 
m onitor 
the 
im plem entation 
of the
20 
fram ew ork for regional developm ent of the m edium -term  developm ent
21 
plan.
22 
(2) 
Investment Coordination Committee (ICC) - The ICC, to be
23 
com posed of the Secretaries of Finance, N ational Economic and D evelopm ent
24 
A uthority, B udget and M anagem ent, Interior and Local G overnm ent, and
25 
Trade and Industry, the Executive Secretary, and the Governor of the Bangko
26 
Sentral ng Pilipinas, shall have the following functions:
27 
(a) 
Review and  subm it to the President a statu s of the fiscal,
28 
m onetary and balance of paym ent im plications of m ajor capital
29 
program s and projects;
30 
(b) 
Review and evaluate specific m ajor capital program s and
31 
projects w ith respect to technical, 
financial, economic, 
social,
32 
environm ental, legal, institutional, feasibility, and viability, a s well as


1 
from the context of sectoral plans and geographical strategies, as m ay
2 
be required by law, orders, and other legal issuances;
3 
(c) 
Review and approve m ajor capital projects based on a cost
4 
threshold as m ay be set by the NEDA Board; and
5 
(d) 
Recom m end a dom estic and foreign borrowing program .
6
7 
(3) Resource Mobilization and Other Fiscal M atters Committee (RMFMC).
8 
The RMFMC, to be com posed of the Secretaries of Finance, N ational
9 
Econom ic and Developm ent A uthority, B udget and M anagem ent,
10 
Interior and Local Governm ent, and Trade and Industry, G overnor of
11 
the B oard of Investm ents, C hairperson of the G overnance Com m ission
12 
for GOCCs, and the Governor of the BSP, shall discharge the following
13 
functions:
14 
(a) Review and recom m end to the NEDA B oard a dom estic and foreign
15 
borrowing program .
16 
(b) Recom m end Public-Private P artnerships (PPP), privatization, and
17 
other funding options to augm ent governm ent’s financing capacity;
18 
(c) Propose and recom m end tax reform m easures; and
19 
(d) Review and recom m end m odalities of developm ent financing and
20 
capital m arket developm ent in support of long-term  program s and
21 
projects for both national and local governm ent, and governm ent-
22 
owned a n d /o r -controlled corporations (GOCCs).
23
24 
(4) 
Infrastructure Committee (INFRACOM) - The INFRACOM, to be
25 
com posed of the Secretaries of National Econom ic and D evelopm ent
26 
A uthority, Public W orks and Highways, B udget and M anagem ent, Finance,
27 
Inform ation and C om m unications Technology, T ransportation, Trade and
28 
Industry, Energy, A griculture, and Tourism , an d  the Executive Secretary,
29 
shall have the following functions:
30 
(a) 
Form ulate a national infrastru ctu re developm ent strategy
31 
th a t will coordinate, integrate and accelerate the developm ent
32 
initiatives across all infrastructure subsectors in the country;


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(b) 
Recom m end to the NEDA Board policies and program s 
concerning in frastructure developm ent, including highw ays, airports, 
seaports, offshore infrastructure, and shore protection; railw ays and 
subw ays; 
pow er 
generation, 
transm ission, 
and 
distribution; 
telecom m unications; irrigation, flood control, and drainage; w ater 
supply and sanitation; national buildings for governm ent offices; 
hospitals and related buildings; state colleges and universities, 
elem entary and secondary school buildings; reclam ation; and other 
public w orks, w hether procured or financed 
through traditional 
m eans, public-private partnership (PPP), or any other m ethod; and
(c) 
C oordinate 
the 
activities 
of 
agencies, 
including 
governm ent-ow ned a n d / 
or controlled corporations involved in 
infrastructure developm ent.
(5) 
Social Development Committee (SDC) - The SDC, to be com posed 
of the Secretaries of Social Welfare and Development, N ational Econom ic and 
Development Authority, B udget and M anagem ent, E ducation, A grarian 
Reform, A griculture, H ealth, Interior and Local G overnm ent, and Labor and 
Em ploym ent, the Executive Secretary, and the Lead Convenor of the N ational 
Anti-Poverty Com m ission, shall have the following functions:
(a) 
Form ulate and recom m end governm ent policies, program s 
and projects on social developm ent th a t are appropriate and consistent 
w ith national developm ent and priorities;
(b) 
Recom m end to the NEDA Board policies and program s on 
m atters 
concerning 
social 
developm ent, 
including 
education, 
m anpow er, health and nutrition, population and family planning, 
housing, h u m an  settlem ents, and the delivery of other social services; 
and
(c) 
C oordinate the activities of governm ent agencies concerned 
w ith social developm ent.
(6) 
Trade and Related M atters Committee (TRMC) - The TRMC, to be 
com posed of the Secretaries of Trade and Industry, N ational Econom ic and 
Development A uthority, A griculture, B udget and M anagem ent, Environm ent 
and 
N atural 
R esources, 
Finance, 
Foreign Affairs, 
Inform ation and


1 
C om m unications Technology, T ransportation, the Executive Secretary, the
2 
G overnor of the Bangko Sentral ng Pilipinas, and the C hairperson of the Tariff
3 
Com m ission, shall have the following functions:
4 
(a) 
Recom m end 
to 
the 
NEDA 
Board 
a 
continuous
5 
rationalization policy and program  for the country’s tariff structure;
6 
(b) 
Recom m end to the NEDA Board policies concerning trade
7 
and related m atters, as well as the effects of various international
8 
developm ents on the country; and
9 
(c) 
C oordinate governm ent agency positions and recom m end
10 
national positions for international economic negotiations.
11 
(7) 
Regional Development Committee (RDCOM) - The RDCOM, to be
12 
com posed of the Secretaries of N ational Economic and D evelopm ent
13 
A uthority, Interior and Local G overnm ent, B udget and M anagem ent, and
14 
Trade and Industry, three (3) Regional D evelopm ent Council C hairpersons
15 
representing Luzon, Visayas, and M indanao, and one (1) representative from
16 
th e Union of Local A uthorities of the Philippines, shall have the following
17 
functions:
18 
(a) 
Recom m end to the NEDA Board policies and program s on
19 
m atters concerning regional developm ent;
20 
(b) 
Form ulate and m onitor the im plem entation of policies th at
21 
reduce regional developm ent disparities;
22 
(c) 
Promote equitable allocation of resources am ong regions by
23 
strengthening the 
linkage betw een 
national and regional/local
24 
planning, investm ent program m ing and 
budgeting, and 
providing
25 
recom m endations to the DBCC on the guidelines for the regional
26 
allocation of budgetary resources;
27 
(d) 
Serve as a clearinghouse for key regional developm ent
28 
policy proposals th a t have im pacts on a t least two (2) regions;
29 
(e) 
Form ulate 
and 
m onitor 
the 
im plem entation 
of the
30 
fram ew ork for regional developm ent of the m edium -term  developm ent
31 
plan; and
10


1 
(f] 
Periodically 
review 
tJie 
viability 
of 
the 
regional
2 
configuration of the country and recom m end to the NEDA Board the
3 
re-delineation of regions, as m ay be necessary.
4 
(8) 
Marine Resource and Land Use Committee (MRLUC)- The MRLUC,
5 
to be com posed of the Secretaries of N ational Economic and Developm ent
6 
A uthority, 
A grarian Reform, 
A griculture, Environm ent and N atural
7 
R esources, 
Science and Technology, 
H um an Settlem ents and U rban
8 
Development, the C hairperson of the N ational Com m ission on Indigenous
9 
Peoples, an d  the presidents of Leagues of provinces, m unicipalities and cities,
10 
shall have the following functions;
11 
(a) 
Recom m end to the NEDA Board policies and program s
12 
concerning land u se an d  physical planning;
13 
(b) 
Form ulate a national physical fram ework plan and other
14 
inter-sectoral policies and program s th a t guide the rational utilization
15 
and m anagem ent of the country’s land and other physical resources,
16 
and the preparation of sub-national physical fram ework plans;
17 
(c) 
E nsure the integration of land use and physical planning
18 
policies, plans and program s, including disaster risk m anagem ent, into
19 
national socioeconomic plans and program s;
20 
(d) 
Recom m end 
resolutions 
concerning 
land 
use 
policy
21 
conflicts am ong agencies of the national governm ent;
22 
(e) 
Oversee 
the 
establishm ent 
and 
m aintenance, 
in
23 
conjunction with appropriate governm ent agencies, a datab ase system
24 
th a t will identify and classify the p resent and possible u ses of specific
25 
land areas, public and private, com prising the total land resource of
26 
the country; and
27 
(f) 
Provide policy directions to the Regional Land Use
28 
C om m ittees in the perform ance of their respective physical planning
29 
functions.
30 
The com position of the Com m ittee shall be w ithout prejudice to the 
. 31 
participation of representatives of other governm ent agencies or bodies, or of
32 
authorized representatives of m ajor organizations of local governm ent
33 
officials, civil society organizations, non-governm ent organizations, people’s
11


1 
organizations, the academ e, or other private organizations as m ay be
2 
considered desirable by the Com m ittee in its deliberations.
3 
(9) 
Economic Development Committee (EDC) - The EDC shall be
4 
com posed of the Secretaries of Finance, N ational Economic and D evelopm ent
5 
A uthority, Trade and Industiy, B udget and M anagem ent, Public W orks and
6 
Highways, T ransportation, Inform ation and C om m unications Technology,
7 
Energy, Science and Technology, Tourism , A griculture, and Interior and Local
8 
G overnm ent, the Governor of the Bangko Sentral ng Pilipinas, and the
9 
Executive Secretary. It shall be the m ain coordinating m echanism  th a t
10 
en su res th a t the policy environm ent is conducive to the prom otion of rapid,
11 
inclusive, and sustained economic growth. In particular, the EDC shall:
• 2 
(a) 
Form ulate policies th a t prom ote sustainable economic
13 
developm ent and inclusive growth;
14 
(b) 
Prom ote 
an 
environm ent 
conducive 
to 
grow th 
and
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com petitiveness of private enterprises and hu m an  capital resources,
16 
and the creation of jobs th a t will em pow er people and provide them
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w ith opportunities to rise above poverty;
18 
(c) 
Recom m end to the President and NEDA Board policies th a t
19 
w ould ensure equitable distribution of econom ic opportunities and
20 
benefits to Filipinos;
21 
(d) 
Recom m end policy directions tow ards the developm ent of
22 
farm s and ru ral enterprises w hich are vital to achieving food security
23 
and m ore equitable growth; and
24 
(e) 
M onitor 
and 
evaluate 
continuous 
im provem ents 
in
25 
national productivity and com petitiveness of dom estic products and
26 
services.
27 
(10) 
Science, Technology and Innovation Committee (STIC) - The STIC,
28 
to be com posed of the Secretaries of Science and Technology, N ational
29 
Econom ic and Developm ent A uthority, Inform ation and C om m unications
30 
Technology, Trade and Industry, Finance, Budget and M anagem ent, and
31 
E ducation, Labor and Em ploym ent, A griculture, and the C hairperson of the
32 
C om m ission on Higher Education, and the Executive Secretary, shall have
33 
th e following functions:
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(a) 
Recom m end policies and program s th a t will prom ote a
2 
culture of research, planning, and innovation, and encourage
3 
knowledge creation, dissem ination, and utilization to support the
4 
country’s sustainable economic developm ent, food security and safety,
5 
industrialization, defense and security, and com petitiveness; and
6 
(b) 
Oversee and coordinate the preparation of a national
7 
agenda th a t would provide the fram ew ork and strategies for research
8 
and developm ent, and innovation in the country.
9
10 
(11) 
Sustainable and Resilient Development Committee (SRDC). -  The
i 1 
SRDC, to be com posed of the Secretaries of Environm ent and N atural
12 
R esources, N ational Economic and D evelopm ent Authority, A grarian
13 
Reform, A griculture, Energy, Interior and Local G overnm ent, and
14 
Science and Technology, the A dm inistrator/ Executive D irector of the
15 
Office of Civil D efense/ 
National D isaster Risk Reduction and
16 
M anagem ent Council, and the C hairperson of the Clim ate Change
17 
C om m ission, shall discharge the following functions:
18 
(a) Recom m end policies th a t will prom ote the conservation of the
19 
environm ent, and the sustainable utilization of the country ’s
20 
n atu ral resources;
21 
(b) Oversee the preparation of policies, strategies, and other
22 
m easures to prom ote d isaster resilience; and
23 
(c) M onitor and evaluate the im pact of environm ental program s and
24 
projects to the Philippine econom y in general, and the utilization
25 
of the n ation’s resources.
26 
The President of the Philippines m ay designate a representative from
27 
the local governm ent u n its to sit as m em ber in any or all of the Inter-Agency
28 
C om m ittees, 
and 
m ay modify the m em bership 
of the 
Inter-Agency
29 
C om m ittees, w henever necessary, for the effective perform ance of each of the
30 
com m ittee’s respective functions.
31 
W ith the approval of the President of the Philippines, any of the Inter-
32 
Agency C om m ittees m ay invite the Senate President and the Speaker of the
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H ouse or their representative to sit as an observer or resource person during 
the Com m ittee deliberations.
The Inter-Agency C om m ittees m ay create sub-com m ittees, w henever 
appropriate, for the purpose of dispensing w ith any of their respective 
functions.
Sec. 10. Meetings and Reports of the Inter-Agency Committees. -  The 
inter-agency com m ittees shall m eet regularly b u t m ay be convened to such 
special m eetings as m ay be necessary. The m em bers of the inter-agency 
com m ittees shall be duly notified of any m eeting in advance.
The inter-agency com m ittees shall furnish the NEDA Board their 
respective reports and o u tp u ts during su ch  m eetings.
ARTICLE III.
THE SECRETARY AND OFFICES OF THE NATIONAL ECONOMIC 
AND DEVELOPMENT AUTHORITY
Sec. 11. Organization and Staffing. -  The NEDA shall establish a hum an  
resource m anagem ent system , in accordance w ith Civil Service Rules, w hich 
shall govern the selection, hiring, appointm ent, transfer, prom otion, or 
dism issal 
of all 
personnel 
w ith 
the 
aim  
of establishing 
integrity, 
professionalism , an d  excellence at all levels.
Sec. 12. Organization of NEDA. -  The NEDA shall consist of the Office of 
th e Secretary, the Offices of the U ndersecretaries and A ssistant Secretaries, 
technical and sectoral staffs, operations support staffs, and regional offices.
Sec. 13. Office of the Secretary of NEDA. -  The Office of the Secretary of 
NEDA shall consist of the Secretary, four (4) U ndersecretaries, eight (8) 
A ssistant Secretaries, the Internal A udit Service, and the Legislative Liaison 
Office.
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Sec. 14. Functions of the Secretary of NEDA. -  The Secretary of the 
N ational Economic and D evelopm ent A uthority shall have the following 
functions:
(1) 
Provide executive direction and supervision over the entire 
operations of the NEDA;
(2) 
E stablish policies and stan d ard s for the effective, efficient, and 
econom ical operations of the NEDA, in accordance w ith the program s of the 
governm ent;
(3) 
Prom ulgate nales, regulations, and other issu an ces as necessary 
in carrying out the NEDA’s m andate, objectives, policies, plans, program s, 
and projects;
(4) 
E stablish effective linkages w ith regional and provincial planning 
and developm ent offices;
(5) 
Advise the President, th ru  the NEDA Board, on the prom ulgation 
of executive or adm inistrative orders, and the form ulation of regulatory and 
legislative proposals, pertaining to m atters of national econom ic and social 
developm ent;
(6) 
Prom ulgate such rules and regulations, and exercise su ch  other 
pow ers as m ay be required to im plem ent the objectives of this Act; and
(7) 
Perform such other task s as m ay be provided by law or assigned 
by the President.
Sec. 15. Term of Office of the Secretary. -  The Secretary of National 
Econom ic and D evelopm ent A uthority shall be appointed by the President 
w ith the consent of the Com m ission on A ppointm ents and shall serve until 
the expiration of the P resident’s term  unless sooner term inated.
Sec. 16. Undersecretaries and A ssistant Secretaries. -  The Secretary 
shall be assisted by four (4) U ndersecretaries and eight (8) A ssistant 
Secretaries, who are appointed by the President, upon recom m endation by 
the Secretary.
The Secretary shall have the flexibility to determ ine the respective 
assignm ents of the U ndersecretaries eind A ssistant Secretaries, depending on
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the Secretary’s strategic directions a n d /o r em erging developm ent trends
2
T,
affecting the country’s economy.
4
Sec.
17. Staffs and Offices. -  The NEDA shall be com posed of the
5
following technical an d  sectoral staffs, adm inistrative and su p p o rt staffs, and
6
regional offices:
7
(1)
N ational Policy and Planning Staff;
8
(2)
Public Investm ent Staff;
9
(3)
M onitoring and Evaluation Staff;
10
(4)
Regional D evelopm ent Staff;
II
(5)
A griculture, N atural R esources, and Environm ent Staff;
12
(6)
G overnance Staff;
13
(7)
Social Infrastructure Staff;
14
(8)
Connectivity Infrastructure Staff;
15
(9)
Social D evelopm ent Staff;
16
(10)
Trade, Services, and Industry Staff;
17
(11)
A dm inistrative Staff;
18
(12)
Developm ent Inform ation Staff;
19
(13)
Financial Planning and M anagem ent Staff;
20
(14)
Inform ation and C om m unications Technology Staff;
21
(15)
Legal Staff;
22
(16)
Internal A udit Service;
23
(17)
Legislative and Liaison Office; and
24
(18)
Regional Offices in all the adm inistrative regions of the country.
25
except those w ith planning offices created by law.
26
The Secretary m ay recom m end for NEDA Board approval the creation
27
of additional staffs or m odification of existing staffs relative to their
28
stru ctu res , com positions, powers, and functions.
29
30
Sec.
18. NEDA Regional Offices (NROs). -  The NROs shall have the
31
following functions:
32
(1)
Oversee the integration of plans and program s of regional
33
agencies.
state universities and colleges (SLfCs), governm ent owned and
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controlled corporations (GOCCs), and local governm ent u n its (LGUs) into the 
regional and national plans. The NROs shall provide assistance to regional 
line agencies, LGUs, SUCs, and GOCCs in identifying and developing 
program s and projects;
(2) 
Evaluate and review proposed policies, land use plans, program s, 
an d  projects in the region;
(3) 
M onitor and evaluate the im plem entation of plans, policies, 
program s, and projects;
(4) 
Provide technical and secretariat services to their respective 
Regional D evelopm ent Councils;
(5) 
U ndertake research and ensure knowledge utilization for regional 
developm ent and productivity;
(6) 
Provide technical assistance to developm ent p artn ers in the 
region in accordance w ith NEDA’s functions; and
(7) 
Provide technical assistance to local governm ent u n its through 
relevant agencies su ch  as the Com m ission on Population in their developm ent 
planning processes, taking into account population factors an d  the concept 
of population and developm ent.
Sec. 19. Attached Agencies. -  The agencies attached to the NEDA as of 
the effectivity of th is Act shall continue to be attached in the perform ance of 
their respective functions, p u rsu a n t to the pertinent provisions of their 
respective ch arters or enabling laws, unless otherw ise provided.
The following agencies are attached to the NEDA for purposes of policy 
and program  coordination:
(1) 
Philippine Institute for D evelopm ent Studies (PIDS);
(2) 
Philippine N ational V olunteer Service C oordinating Agency
(PNVSCA);
(3)
(4)
and
(5)
Philippine Statistics A uthority (PSA);
Philippine Statistical R esearch and Training Institute (PSRTI); 
Com m ission on Population and D evelopm ent (POPDEVCOM).
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O ther agencies, w hich are attached to the NEDA for budgetary purposes 
and adm inistrative supervision, include:
(1) 
Public-Private Partnership C enter (PPPC); and
(2) 
Tariff Com m ission (TC)
Sec. 20. Functions of the Attached Agencies. — The agencies attached to 
the NEDA shall continue to operate and function in accordance w ith the 
respective charters, laws, or orders creating them , except as otherw ise 
provided in this Act, the A dm inistrative Code of 1987, and subsequent laws. 
The NEDA shall review the m andate, objectives, and functions of the attached 
agencies in order to recom m end dispositions or revisions in their respective 
ch arters, w henever appropriate and deem ed advisable.
Sec. 21. Legislative-Executive Development Advisory Council (LEDAC). -  
The NEDA shall continue to serve as the principal secretariat of the LEDAC, 
consistent w ith RA No. 7640. It shall perform the following functions u nder 
Section 3 thereof, including the preparation of the budget and adm inistration 
of the funds of the Council:
(1) 
D eterm ine and recom m end socioeconomic developm ent goals in 
p u rsu an ce of established policies w hich shall guide the form ulation and 
im plem entation of the national developm ent plan;
(2) 
Provide policy advice to the President on vital issues affecting the 
socioeconom ic developm ent of the country;
(3) 
Direct the study of m easures to ensure th a t regional developm ent 
p lan s and program s are integrated into the national developm ent plan;
(4) 
Receive, and in appropriate cases, require reports on, and study 
m easures to improve, the im plem entation of official developm ent assistance 
from m ultilateral and bilateral entities;
(5) 
A ssess 
effectiveness 
of 
im plem entation 
of 
the 
national 
developm ent plan;
(6) 
Integrate environm ental concepts, principles and practices into 
the national developm ent plan for a balanced and cohesive approach to 
national developm ent;
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(7) 
Review the relationship of the legislative agenda to the national 
developm ent plan to ensure the integration of both; and
(8) 
Study and recom m end to the President and to Congress sources 
of revenue, as well as m easures to reduce unnecessary expenditures, to the 
end th a t the resources of the governm ent will be used to the optim um .
Sec. 22. Secretariat to the National Innovation Council (NIC). -  a 
secretariat to the NIC shall be established w ithin the NEDA, consistent w ith 
RA No. 11293 or the “Philippine Innovation Act”.
The initial staffing stru ctu re and com plem ent of the Secretariat shall be 
subm itted by the NEDA to the DBM for funding, pending the creation of the 
appropriate plantilla positions, the NEDA shall constitute an interim  
secretariat through the tem porary details of personnel from its m em ber 
agencies.
ARTICLE IV.
DEVELOPMENT PLANS AND PROGRAMS, REPORTS AND PUBLICATIONS
Sec. 23. Long-Term Development Plan. -  The NEDA, in consultation w ith 
regional, local, and other stakeholders, shall form ulate a Long-Term National, 
Regional, and Local Developm ent Plan w hich will provide the overall direction 
to the m edium -term  and short-term  developm ent plans of the country, to 
ensure consistency of governm ent strategies, policies, program s, and projects 
across political adm inistrations. The long-term  developm ent plan shall 
contain the developm ent goals and m ilestones each adm inistration should 
attain  to realize the long-term  vision of the Filipino people.
Sec. 24. Medium-Term Philippine Development Plan (MTPDP) and 
Medium-Term Regional Development Plans (MTRDPs). -  The NEDA, in 
consultation w ith appropriate public agencies, various private sector and local 
governm ent units, shall prepare an econom ic developm ent blueprint for the 
next six years, w hich shall be know n as the M edium -Term Philippine 
Developm ent Plan. The MTPDP shall em body the governm ent’s socio­
economic policies, strategies and program s in support to and consistent w ith
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the developm ent agenda of the President, and geared tow ards the attainm en t
2 
of the developm ent goals and objectives in the long-term  developm ent plan.
3 
At the regional level, the NEDA Regional Offices shall coordinate the
4 
preparation of their respective regional developm ent plans, consistent w ith
5 
the MTPDP. The MTRDPs shall define the region’s developm ent direction and
6 
identify policies, strategies, and program s.
7
8 
Sec.-25. Medium-Term Public Investment Program (MTPIP) and Regional
9 
Medium-Term Development Investment Programs (RMTDIPs). -  The preparation
10 
of the MTPIP and RMTDIPs shall be form ulated in support of PDPs and RDPs.
11 
The NEDA shall prepare a list of priority program s and projects to be
12 
im plem ented by the national governm ent, 
governm ent-ow ned a n d /o r
13 
controlled corporations (GOCCs), governm ent financial in stitutions (GFls),
14 
and other national governm ent offices and instrum entalities th a t will
15 
contribute to the attain m en t of the sectoral goals and outcom es in the MTPDP
16 
and MTRDPs.
17 
The MTPIP and RMTDIPs shall be regularly updated. The NEDA, in
18 
consultation w ith appropriate governm ent agencies and stakeholders, shall
19 
prioritize sectoral and geographic program s, projects, and activities to be
20 
funded from governm ent appropriations, ODA, PPP, revenue sources
21 
generated 
by 
GOCCs, 
GFIs, 
and 
other 
governm ent 
bodies 
and
22 
instrum entalities, and other viable sources of funding.
23
24 
Sec. 26. National Physical Framework Plan (NPFP). -  The NEDA shall
25 
prepare a fram ew ork w hich provides analytical param eters for the planned
26 
allocation, u se and m anagem ent of the country’s land and other physical
27 
resources. The NPFP shall help plan and m anage these resources a t the
28 
national and sub-national levels.
29 
The NEDA Regional Offices shall coordinate the preparation of the sub-
30 
national physical fram ew ork or physical developm ent plans for the approval
31 
of their respective RDCs.
32 
The 
NPFP 
and 
sub-national 
physical 
fram ew ork 
or 
physical
33 
developm ent plans shall serve as the m ain reference docum ents in the
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preparation of the physical plans and land u se plans of provinces, cities, and 
m unicipalities in the country.
Sec. 27. Socioeconomic Report (SER) and Regional Development Reports 
(RDRs). -  To m onitor the im plem entation of the MTPDP and MTRDPs, the 
NEDA shall prepare periodic socioeconomic reports. The SER and RDRs shall 
sei^e as in p u ts to policy and decision m akers in the form ulation of policies, 
budgeting, and im plem entation of program s and projects based on the 
developm ent plans of the country.
Sec. 28. ODA Portfolio Review. -  C onsistent w ith RA No. 8182 or the 
ODA Act of 1996, as am ended by RA No. 8555, the NEDA shall conduct an 
an n u al review of the statu s of all projects financed by ODA and identify causes 
of im plem entation and com pletion delays or reasons for bottlenecks, cost 
overruns, and continued program  or project viability. The NEDA is required 
to subm it to the President and C ongress a report on the outcom e of the review 
n o t later th an  Ju n e  30 of each year.
Sec. 29 Knowledge Management. -  The NEDA shall establish a 
repository of d ata and inform ation, publications, research and analyses, an d  
oth er inform ation concerning the Philippine econom y and developm ent, in 
general. It shall m anage, m aintain, and m ake available such inform ation and 
docum ents to the public for the purpose of knowledge sharing.
CHAPTER II
HARMONIZATION AND SYNCHRONIZATION OF DEVELOPMENT 
PLANNING, INVESTMENT PROGRAMMING, BUDGETING, MONITORING 
AND EVALUATION PROCESSES OF GOVERNMENT
ARTICLE I.
LINKAGE AND ALIGNMENT OF PLAN AND PROGRAM FORMULATION
Sec. 30. Plan and Program Formulation. -  The NEDA Board shall issue 
th e  Planning Call not later th a n  two m onths after the newly elected President
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h a s assu m ed  office. The NEDA Secretary shall propose to the NEDA Board 
the stan d a rd s and guidelines in the preparation of the MTPDP, MTRDPs, 
MTPIP, and RMTDlPs, including a planning and investm ent program m ing 
tim etable aligned w ith the budget calendar.
The NEDA, in coordination w ith concerned governm ent agencies and 
other governm ent instrum entalities, shall ensure th a t the policies and 
strategies contained in the respective sectoral plans are considered and 
incorporated in the MTPDP.
The NEDA, in coordination w ith concerned governm ent agencies and 
other governm ent instrum entalities, shall determ ine a tim etable for the 
preparation and form ulation of sectoral plans and program s. The tim etable of 
the MTPDP, MTRDPs, MTPIP, and RMTDIPs shall align w ith the budgeting 
tim etable to ensure th a t th e strategic program s and projects identified are 
provided w ith the required funding allocation.
Sec. 31. Planning, Programming and Budgeting Linkage. -  The NEDA 
shall en su re a strong, efficient, and effective linkage betw een developm ent 
planning, program m ing and budgeting.
The NEDA, together w ith the D epartm ent of B udget and M anagem ent 
and other relevant governm ent oversight agencies, shall ensure th a t the 
an n u al appropriations for program s and projects are aligned w ith the 
developm ent strategies in the MTPDP and MTRDPs.
Sec. 32. Adoption and Implementation of Plans and Investment Programs.
-  The RDCs shall approve their respective MTRDPs and RMTDIPs for 
consideration in the MTPDP and MTPIP. The NEDA Board shall approve the 
MTPDP and MTPIP for adoption and im plem entation of governm ent agencies.
Sec. 33. Integration of National, Regional, and Local Plans and Programs.
-  The NEDA shall en su re the integration of m ajor regional and local 
developm ent 
priorities 
into 
the 
MTPDP 
and 
MTRDPs, 
respectively. 
Furtherm ore, the NEDA, through the NEDA Regional Offices, shall provide 
oversight in the form ulation of provincial developm ent and physical
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fram ew ork plans so t±iat local developm ent th ru sts are aligned w ith and
2 
contribute to the national and regional level plans and program s.
3 
The NEDA shall likewise in stitu te processes to enable the inclusion of
4 
regional priorities in the program s and projects of the national governm ent
5 
agencies, and subsequently, in the respective budgets of national agencies.
6
7 
Sec. 34. Regional Development Council (RDC). — To en su re th a t socio-
8 
econom ic 
developm ent 
program s 
an d  
activities 
of governm ent 
are
9 
u n d e rta k e n  w ith extensive an d  active participation and su p p o rt of various
10 
governm ent agencies, as well a s private sector in stitu tio n s a t the national,
11 
regional an d  local levels, th e NEDA shall prepare an d  su b m it for
12 
p resid en tial approval, policy proposals for the stren g th en in g  of th e Regional
13 
D evelopm ent C ouncils (RDCs) to m ake them  m ore effective in en su rin g
14 
su stain ab le, participatory an d  equitable developm ent, the stren g th en in g  of
15 
th e RDCs m u st also serve th e pu rp o se of providing a responsive forum  a t
16 
th e regions for the m eaningful p articipation an d  su p p o rt of the concerned
17 
d istric t representatives.
18 
The NEDA Regional Offices shall serve as secretariat of th e RDCs
19 
com posed of local governm ent officials, regional h e ad s of d e p artm en ts and
20 
o th er governm ent offices, an d  rep resen tativ es from non-governm ental
21 
organizations w ithin the regions, created p u rs u a n t to Section 14, Article X
22 
of th e constitution. All d istrict rep resen tativ es shall sit a s non-voting
23 
m em bers of th eir respective RDCs.
24
25 
SEC. 35. Consultations and Technical A ssistance. -  There shall be
26 
m axim um  participation by and consultation w ith concerned local governm ent
27 
u n its, com m unity organizations an d  beneficiaries, civil society organizations,
28 
non-govem m ent organizations, people’s organizations, the academ e, or other
29 
private organizations in order to ensure th a t the priority needs are
30 
incorporated into the form ulation of policies, plans, program s and projects.
31 
The NEDA shall provide technical assistance to the local governm ent
32 
u n its on how to localize national developm ent strategies, particularly in
33 
planning and investm ent program m ing to ensure alignm ent of local
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developm ent plans and strategies w ith the MTPDP and MTRDPs. It shall also 
a ssist local governm ent u n its in identifying and developing program s and 
projects and redirecting resources into m ore productive activities to achieve 
the intended developm ent outcom es in their respective areas.
SEC. 36. Coordination with Autonomous and Administrative Regions. 
-  The NEDA shall ensure effective coordination w ith autonom ous and  
adm inistrative regions w ith separate planning offices in the form ulation of the 
MTPDP and in other relevant planning activities affecting said regions.
ARTICLE II.
MONITORING AND EVALUATION OF PLANS AND PROGRAMS
SEC. 37. Monitoring and Reporting on the Implementation of Plans and 
Programs. -  The relevant inter-agency com m ittees shall m onitor the 
im plem entation of the MTPDP, MTRDPs, MTPIP and RMTDlPs, including 
sectoral plans and program s on an an n u al basis, to determ ine if the targets 
identified in the plans and program s were achieved. The m onitoring results 
shall be reported to the NEDA Board, C ongress, an d  other concerned agencies 
for purposes of ad ju stm en ts in policies, program s, and projects.
The NEDA shall facilitate the conduct of m onitoring and evaluation of 
program s and projects at the national level, com plem ented by the Regional 
Project M onitoring and Evaluation System  a t the regional levels. The 
D epartm ent of the Interior and Local G overnm ent shall com plem ent NEDA’s 
m onitoring, reporting, and facilitation of program s and projects a t the su b ­
regional level through the Local Project M onitoring Com m ittees.
SEC. 38. Evaluation of the Implementation of Plans and Programs. -  
C onsistent w ith a N ational Evaluation Fram ew ork, w hich provides for the 
purposive conduct of evaluation in the public sector, a national evaluation 
agenda shall be form ulated. The relevant inter-agency com m ittees shall 
identify and com m ission or in stru ct agencies to conduct public sector
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evaluation 
studies 
in 
su pport 
of 
good 
governance, 
transparency,
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accountability, and evidence-based decision m aking.
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CHAPTER III
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TRANSITORY AND OTHER MISCELLANEOUS PROVISIONS
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SEC 39. Transitory Provision. -  The pow ers and functions, applicable
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funds and appropriations, records, files, equipm ent, facilities, supplies,
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property, and personnel of the cu rren t NEDA Secretariat are hereby
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transferred to the new NEDA.
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The present career officials and em ployees of the current NEDA
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Secretariat shall enjoy security of tenure and be absorbed by the new NEDA,
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in accordance w ith its staffing pattern and selection process as prescribed
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u n d er RA No. 6656 and by the NEDA Board, u n less they are separated from
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service by virtue of the reorganization resulting from th is Act, or opt and are
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qualified to retire from service. The affected officials and em ployees shall be
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entitled to a separation package in accordance w ith existing laws.
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Affected personnel who are retired or separated from the service shall
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not be re-em ployed in NEDA or in any of its attached agencies for a period of
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five years from such retirem ent or separation.
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U nless absolutely required, no officer or employee shall be separated
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from service as a result of any reorganization or consolidation u n d er the
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provisions of this Act. In addition, those who desire and are qualified to retire
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shall be entitled to all the benefits provided u n d er existing laws.
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C urrent officials and em ployees of the NEDA Secretariat shall continue
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to draw  their salaries, benefits, and other em olum ents until such time, b u t
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not later th an  one (1) year from the effectivity of this Act, th a t the
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corresponding funds from the National G overnm ent shall have been
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appropriated and released to the NEDA.
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SEC. 40. Transfer of Rights and Obligations. -  The NEDA shall, by virtue
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of this Act, be subrogated to all the rights and assum e all the obligations of
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the cu rren t NEDA Secretariat, and all its liabilities th a t pertain to its pertinent
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funds and appropriations, records, files, equipm ent, facilities, supplies.
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property, and personnel, including unexpended portions of its m em bers’ 
respective salaries.
SEC. 41. Funding. -  The am ount needed to carry o u t the initial 
im plem entation of this Act shall be charged on the cu rren t y ear’s budget of 
the NEDA. Thereafter, the necessary budget for the continued operation and 
m aintenance of the NEDA shall be included in the an n u al G eneral 
A ppropriations Act (GAA).
SEC. 42. Implementing Rules and Regulations. -  W ithin ninety (90) days 
from the effectivity of this Act, the NEDA Board shall prom ulgate the rules 
an d  regulations, as well as the issuances necessary to ensure the proper 
im plem entation of the provisions of this Act. These im plem enting rules and 
regulations shall take effect fifteen (15) days after the com pletion of their 
publication in two (2) new spapers of general circulation.
SEC. 43. Separability Clause. -  If any provision or portion of this Act is 
declared unconstitutional, the rem ainder of this Act or any provision not 
thereby affected shall rem ain in full force and effect.
SEC. 44. Repealing Clause. -  All laws, decrees, executive orders, 
ordinances, rules, regulations, and other issuances, or p arts thereof, w hich 
are inconsistent w ith any provision of th is Act, are hereby repealed, am ended, 
a n d /o r modified accordingly.
SEC. 45. Effectivity. -  This Act shall take effect fifteen (15) days after 
com pletion of its publication in the Official G azette or in a t least two (2) 
new spapers of general circulation.
Approved,
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