Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
HOUSE BILL NO. ____ 
Introduced by HON. LUIS RAYMUND “LRAY” F. VILLAFUERTE, JR.,  
HON. MIGUEL LUIS R. VILLAFUERTE, HON. TSUYOSHI ANTHONY G. 
HORIBATA AND HON. NICOLAS “NICK” C. ENCISO VIII 
EXPLANATORY NOTE 
Article XII of the 1987 Constitution states that “the goals of the national economy are 
a more equitable distribution of opportunities, income, and wealth; a sustained 
increase in the amount of goods and services produced by the nation for the benefit 
of the people; and an expanding productivity as the key to raising the quality of life for 
all, especially the underprivileged.” In pursuit of this, “Congress may establish an 
independent economic and planning agency headed by the President of the 
Philippines, 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 for national 
development.” 
For the purposes of attaining the goals mentioned in the Constitution, this bill seeks to 
transform the National Economic and Development Authority (NEDA) into a 
department, establishing its sufficient authority to be the lead integrator of the 
development programs and policies of the government in a bid to achieve sustainable 
and inclusive economic growth. It specifically proposes that this independent 
department shall be tasked to ensure the integration, harmonization, and coherence 
of national, subnational, sectoral, and spatial plans and programs by prescribing 
standards, guidelines, compliance, and accountability mechanisms. This bill also 
seeks to establish firm linkages to enhance decentralization and promote the 
autonomy of Local Government Units which could pave the way to the attainment of 
the country’s long-term socioeconomic goals. 
The Covid-19 pandemic has highlighted the need for a more rational, comprehensive, 
and integrated approach to planning and implementation of government programs and 
policies in order to recover quickly from unprecedented crises and build back a 
August 23, 2022
2:00 pm
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stronger and more resilient economy. 
 
In view of the foregoing, approval of this bill is earnestly sought. 
 
 
 
 
LUIS RAYMUND “LRAY” F. VILLAFUERTE, JR.             MIGUEL LUIS R. VILLAFUERTE   
 
 
 
 
TSUYOSHI ANTHONY G. HORIBATA  
 
 
NICOLAS “NICK” C. ENCISO VIII 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


3
Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
HOUSE BILL NO. ____ 
Introduced by HON. LUIS RAYMUND “LRAY” F. VILLAFUERTE, JR.,  
HON. MIGUEL LUIS R. VILLAFUERTE, HON. TSUYOSHI ANTHONY G. 
HORIBATA AND HON. NICOLAS “NICK” C. ENCISO VIII 
AN ACT  
CREATING THE DEPARTMENT OF ECONOMICS AND DEVELOPMENT 
PLANNING, DEFINING ITS FUNCTIONS, AND APPROPRIATING FUNDS 
THEREFOR 
Be it enacted by the Senate and House of Representatives of the Philippines in 
Congress assembled: 
ARTICLE I 
TITLE AND POLICY 
SECTION 1. Short Title. – This Act shall be known as the “Department of Economics 
and Development Planning Act”. 
SECTION 2. Declaration of Policies and Principles. – The State shall adopt and 
implement continuing, integrated, and coordinated policies, plans, and programs 
towards equitable distribution of opportunities, income and wealth; ensure a sustained 
increase in the amount of goods and services produced by the nation for the benefit 
of the people; and expand productivity to raise the quality of life for all. 
It is therefore vital that major programs and projects of different government 
agencies must be properly reviewed by and coordinated by a national government 
agency to ensure their consistency with established national and subnational priorities; 
that the linkage between development planning, programming and budgeting shall be 
of highest priority in identifying programs, activities, and projects; and that the public 
and private sectors at the national and subnational levels participate in the process of 
formulating, implementing, monitoring, and evaluating policies, plans, and programs. 
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The State recognizes that, pursuant to the Section 9, Article XII of the 
Constitution, Congress may establish an independent economic and planning agency 
headed by the President of the Philippines, which shall, after consultations with the 
appropriate public agencies, various private sector groups, and local government units 
(LGUs), recommend priority legislative measures to Congress. 
 
ARTICLE II 
THE DEPARTMENT OF ECONOMICS AND DEVELOPMENT PLANNING 
SECTION 3. The Department of Economics and Development Planning. – There 
is hereby created the Department of Economics and Development Planning, 
hereinafter to be referred to as the DEDP, which shall serve as the primary government 
agency tasked to prepare and recommend national economic development goals, 
policies, and programs, and monitor the implementation of the same. the DEDP shall 
take over the powers, duties, and functions of the National Economic and 
Development Authority. 
 
SECTION 4. Mandate of the DEDP. – The DEDP shall be the agency that shall direct 
the government’s planning and investment programming processes towards 
sustainable and inclusive economic growth; equitable distribution of opportunities, 
income, and wealth; and increased productivity. As such, it shall formulate the 
country’s continuing, integrated, and coordinated policies, plans, and programs for 
development; foster a culture of planning across all government organizations; ensure 
the vertical and horizontal alignment and coherence of national and subnational 
policies, plans, programs, and projects; ensure alignment of appropriations for 
programs with national and subnational development plans towards optimal use of 
financial resources; and oversee the country’s public investment program. 
 
SECTION 5. Powers and Functions of the DEDP. – In accordance with Chapter I 
Article III of this Act, the DEDP shall have the following powers and functions: 
(a) Visioning and plan formulation; 
(b) Harmonization of plans; 
(c) Investment programming; 
(d) Linkage of planning with budgeting; 
(e) Policy advisory; 


 
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(f) Project appraisal; 
(g) Monitoring and assessment; 
(h) Evaluation; 
(i) Independent review; 
(j) Research; 
(k) Knowledge management and communication; 
(l) Transparency and accountability reports; 
(m) Capacity building of development planning; 
(n) Economic and financial literacy; 
(o) Innovation and futures thinking, or the creative processing, exploration, and 
management of change as a component of strategy and policy 
development; and 
(p) Secretariat support to the Economics and Development Planning Council. 
 
SECTION 6. Stakeholder Engagement. – In the discharge of these functions, the 
DEDP shall undertake consultations with appropriate public agencies, civil society 
organizations, non-government organizations, people’s organizations, academe, 
private sector, and LGUs to incorporate their respective priority needs in the 
formulation of policies, plans, programs and projects. 
 
SECTION 7. Organization of the DEDP. – The DEDP shall consist of the Office of 
the Secretary, the offices of the undersecretaries and assistant secretaries, technical 
and sectoral staff, operations support staff, and regional offices. 
 
SECTION 8. The Secretary of Economics and Development Planning. – The 
DEDP shall be headed by the Secretary who shall be appointed by the President of 
the Philippines, subject to the confirmation by the Commission on Appointments, and 
shall hereinafter be referred to as the Secretary. 
The Secretary, who shall serve as the country’s Chief Economist, shall have the 
following minimum qualifications: a natural-born citizen and resident of the Philippines: 
of good moral character; of recognized probity, competence, and independence; must 
be professionally distinguished in public, civic, or academic service in the field of 
economics; must have been in active professional practice for at least ten years; and 


 
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must not have been a candidate for any elective national or local office in the 
immediately preceding elections, whether regular or special. 
 
SECTION 9. Powers and Functions of the Secretary of Economics and 
Development Planning. – The Secretary shall have the following powers and 
functions: 
(a) 
Advise the President of the Philippines on the promulgation of executive or 
administrative orders and other issuances, and on the formulation of regulatory 
and legislative proposals, pertaining to matters of national economic and social 
development; 
(b) 
Render a report on the status of implementation of national and subnational plans 
as inputs to the State of the Nation Address by the President of the Philippines; 
(c) 
Serve as Vice-Chairperson of the Economics and Development Planning 
Council, created under Section 43 of this Act; 
(d) 
Lead the discourse on futures thinking in the public sector, and pursuant thereto, 
consider the latest trends, strategic issues, and key developments in the country 
in order to assist government agencies better anticipate and address their 
implications; 
(e) 
Direct the conduct of research on development matters, examine evaluation 
results, and gather current information and data for evidence-based formulation 
of broad policies, plans and relevant programs; 
(f) 
Exercise executive direction, control, and supervision over the entire operations 
of the DEDP, and its agencies, bureaus, officers, and personnel; 
(g) 
Establish policies and standards for the effective, efficient, and economical 
operations of the DEDP, in accordance with the programs of the government; 
(h) 
Promulgate rules and regulations, and exercise other powers as may be required 
to implement the objectives of this Act; and 
(i) 
Perform other functions as may be provided by law or as may be assigned by 
the President of the Philippines. 
 
SECTION 10. The Undersecretaries and Assistant Secretaries. – The Office of the 
Secretary of Economics and Development Planning shall be composed of at least four 
(4) undersecretaries and eight (8) assistant secretaries. 


 
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The undersecretaries and assistant secretaries shall be appointed by the 
President of the Philippines, upon the recommendation of the Secretary, subject to the 
rules and regulations promulgated by the Career Executive Service Board. The 
Secretary shall have the flexibility to determine the respective assignments of the 
Undersecretaries and Assistant Secretaries and to reorganize the DEDP, depending 
on the DEDP’s strategic directions and on emerging development trends affecting the 
country’s economy. As the duties and responsibilities of the DEDP are expanded, the 
number of Undersecretaries and Assistant Secretaries may be increased as deemed 
necessary. 
 
SECTION 11. Offices and Staff. – The DEDP shall be composed of the following 
technical and sectoral staff, administrative and support staff, and regional offices for 
the following offices: 
(a) Macroeconomics; 
(b) Trade, services, and industry; 
(c) Agriculture, natural resources, and environment; 
(d) Governance; 
(e) Social development; 
(f) Strategic foresight and futures; 
(g) Innovation; 
(h) Public investment; 
(i) Social infrastructure; 
(j) Connectivity infrastructure; 
(k) Spatial planning and regional development; 
(l) Program evaluation; 
(m) Project monitoring; 
(n) Knowledge management and communication; 
(o) Development planning training; 
(p) Administrative; 
(q) Human resource development; 
(r) Financial planning and management; 
(s) Information and communications technology; 
(t) Legal; 
(u) Internal audit service; 


 
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(v) Legislative liaison office; and 
(w) Regional offices. 
 
The Secretary shall recommend to the Department of Budget and Management 
(DBM) for approval, the creation of additional offices, positions, or staffing 
modifications as may be necessary. 
The DEDP’s organizational structure and staffing requirements shall be 
submitted to the DBM for review and approval. It shall adopt a position classification 
and compensation structure consistent with the existing polices, rules and regulations. 
 
SECTION 12. DEDP Regional Offices. – The DEDP Regional Offices, hereinafter 
referred to as DROs, shall have the following functions: 
(a) 
Ensure that regional and local development priorities are integrated in the 
national and subnational plans; 
(b) 
Ensure the alignment of the provincial development and physical framework and 
the comprehensive development plans of highly urbanized cities and 
independent component cities with the national and regional development plans; 
(c) 
Oversee the integration of plans and programs of regional agencies, state 
universities and colleges (SUCs), special development bodies, and local 
government units (LGUs) into the regional and national plans. The DROs shall 
provide assistance to regional line agencies, LGUs, SUCs and special 
development bodies in identifying and developing programs and projects; 
(d) 
Evaluate and review proposed policies, land use plans, programs and projects 
in the region; 
(e) 
Monitor and evaluate the implementation of plans, policies, programs and 
projects; 
(f) 
Provide technical and secretariat support to their respective Regional 
Development Councils (RDCs); 
(g) 
Undertake research and ensure knowledge utilization for regional development 
and productivity; and 
(h) 
Provide technical assistance to development partners in the region in 
accordance with the functions of the DEDP. 
 


 
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SECTION 13. Attached Agencies. – The agencies currently attached to the National 
Economic and Development Authority (NEDA) shall hereinafter be attached to the 
DEDP and shall continue to operate and function in accordance with their respective 
charters, laws, or orders creating them, except as otherwise provided in this Act, the 
Administrative Code of 1987, and subsequent laws. 
 
The following agencies shall be attached to the DEDP for policy and program 
coordination purposes: 
(a) Commission on Population and Development, created pursuant to Republic 
Act No. 6365, otherwise known as the "Population Act of 1971, as 
Amended." 
(b) Philippine Institute for Development Studies, created pursuant to 
Presidential Decree 1201 dated September 26, 1977; 
(c) Philippine National Volunteer Service Coordinating Agency, created 
pursuant Executive Order 635, series of 1980; 
(d) Philippine Statistics Authority, created pursuant to Republic Act No. 10625, 
otherwise known as the “Philippine Statistical Act of 2013”; and 
(e) Philippine Statistical Research and Training Institute, created pursuant to 
Republic Act No. 10625. 
 
The following agencies shall be attached to the DEDP for administrative 
purposes only: 
(a) Public-Private Partnership Center of the Philippines, created pursuant 
Executive Order No. 8, series of 2010 as amended by Executive Order No. 
136, series of 2013; and 
(b) Tariff Commission (TC), created pursuant to Republic Act No. 10863, 
otherwise known as the “Customs Modernization and Tariff Act (CMTA)”. 
 
SECTION 14. Legislative-Executive Development Advisory Council. – The DEDP 
shall serve as the principal secretariat of the Legislative-Executive Development 
Advisory Council (LEDAC), pursuant to Republic Act No. 7640, otherwise known as 
“An Act Constituting the Legislative-Executive Development Advisory Council”. As 
principal secretariat, the DEDP shall oversee and coordinate the provision of overall 
technical and administrative support to the LEDAC, and shall have the following duties 


 
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and responsibilities, consistent with Article III, Section 2 of the rules and regulations 
issued to implement Republic Act No. 7640: 
(a) 
Provide technical and administrative support to the LEDAC and its sub-
committees, if any; 
(b) 
Determine and prepare the agenda of the LEDAC meetings, and prepare the 
minutes of each meeting; 
(c) 
Serve as venue for the initial processing and discussion of the work of the 
LEDAC; 
(d) 
Receive and prepare communications pertinent to the work of the LEDAC; 
(e) 
Manage and maintain the official records of the LEDAC; 
(f) 
Prepare the annual budget of the LEDAC; 
(g) 
Prepare reports as required by the LEDAC; and 
(h) 
Perform other duties as may be assigned by the LEDAC. 
 
ARTICLE III 
POWERS AND FUNCTIONS OF DEDP 
I. Visioning and Plan Formulation 
SECTION 15. Visioning. – The DEDP shall formulate a long-term vision, hereinafter 
referred to as the Vision, which embodies the long-term aspirations of all Filipinos. It 
shall be data-driven and evidence-based, encompassing all dimensions of economic, 
social, and environmental development. The Vision shall undergo a review every ten 
(10) years in consideration of changing aspirations and preferences. 
 
SECTION 16. Long-term Development Framework. – The DEDP shall formulate the 
country’s long-term development framework, hereinafter referred to as the 
Framework. The Framework is a high-level and broad strategy spanning twenty-five 
(25) years that shall guide the nation towards sustainable growth and development 
and the attainment of the Vision. It shall serve as a tool to coordinate, guide, and inform 
the preparation and consideration of future, more detailed national and subnational 
development plans, national and subnational public investment programs, and 
sectoral and inter-sectoral plans and programs. It shall embody the development goals 
and milestones to serve as basis for the overall direction of government policies, 
programs, and projects across political administrations. 
 


 
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SECTION 17. Physical Planning Framework. – The DEDP shall formulate the 
National Framework for Physical Planning (NFPP), which shall provide policies and 
principles to achieve efficient settlement, production, service delivery systems, and 
sustainable use of land and other physical resources in the country. At the subnational 
level, the DEDP Regional Offices, in consultation with their respective RDCs, shall 
formulate the regional spatial and physical framework (RSPF) which shall encompass 
an implementation period of twenty-five (25) years. The RSPF shall define the 
objectives and indicative uses of land and the physical resources in the region. 
The NFPP and RSPF shall serve as the main reference documents in the 
preparation of the provincial development and physical framework plans and land use 
plans of cities and municipalities. 
The NFPP and RSPF shall undergo a review every ten (10) years in 
consideration of physical changes, economic and demographic trends, as well as 
climate projections. 
 
SECTION 18. Planning Call. – The DEDP shall issue a Planning Call to government 
agencies and shall provide the standards and guidelines for preparing the national and 
subnational development plans and public investment programs. Within one (1) month 
from the approval of the Philippine Development Plan by the Economics and 
Development Planning Council, national government agencies shall submit to the 
DEDP their respective short-term development plans and investment programs. 
 
SECTION 19. Philippine Development Plan and Regional Development Plans. – 
The DEDP, in consultation with public agencies, civil society organizations, non-
government organizations, people’s organizations, academe, private sector, and 
LGUs, shall formulate within six (6) months from the assumption of office of the 
President of the Philippines a national economic and development blueprint, known 
as the Philippine Development Plan, hereinafter referred to as the PDP, which shall 
be anchored on the Framework. The PDP shall establish a set of measurable goals 
and objectives with corresponding strategies, in terms of policies, programs, and 
projects, that shall be the basis for each political administration’s pursuit of its 
economic and development agenda. At the subnational level, this shall be known as 
the Regional Development Plan, hereinafter referred to as the RDP, which shall be 
formulated by the DEDP Regional Offices within six (6) months from the assumption 


 
12
of office of the President of the Philippines, in consultation with public agencies, civil 
society organizations, non-government organizations, people’s organizations, the 
academe, the private sector, and local government units. The RDP shall be aligned 
with the PDP, defining the region’s development direction. 
The PDP and the RDPs shall undergo a midterm review and updating in 
consideration of accomplishments, and emerging trends and developments. 
 
SECTION 20. Coordination with Autonomous and Administrative Regions. – The 
DEDP shall ensure effective coordination with autonomous and administrative regions 
that have separate planning offices in the formulation of the PDP and in the conduct 
of other relevant planning activities affecting said regions. 
 
II. Harmonization of Plans 
SECTION 21. Harmonization of Plans. – The DEDP shall direct the government’s 
planning cycle to ensure the harmonization and coherence of national, subnational, 
sectoral, and spatial plans and programs by prescribing standards, guidelines, 
compliance, and accountability mechanisms. Moreover, the DEDP shall review the 
short-term development plans submitted by the agencies as stipulated in Section 18 
of this Act in order to recommend appropriate action. 
 
III. Investment Programming 
SECTION 22. Investment Programming. – The DEDP shall direct and oversee the 
government’s investment programming process to ensure that the plans are translated 
into programs and projects by prescribing standards and guidelines, as well as 
compliance and accountability mechanisms, especially considering the results of 
relevant evaluation studies, and their conformity to the NFPP and RSPF which are the 
main reference references for land use and physical framework plans as mandated 
under Section 17 of this Act. 
 
SECTION 23. Public Investment Program and Regional Development Investment 
Program. – The DEDP, in consultation with public agencies, shall formulate the Public 
Investment Program, hereinafter referred to as the PIP, which shall identify the priority 
programs, activities, and projects (PAPs) that are responsive to the sectoral goals and 
outcomes of the PDP, for implementation through national government funds or the 


 
13
General Appropriations Act (GAA), Official Development Assistance (ODA), Public-
Private Partnership (PPP), joint ventures (JV), and other viable implementation and 
financing options. At the subnational level, this shall be known as the Regional 
Development Investment Program, hereinafter referred to as the RDIP, which shall be 
formulated by the DROs in consultation with their respective RDCs. 
 
IV. Linkage of Planning with Budgeting 
SECTION 24. Linkage of Planning with Budgeting. – The DEDP shall recommend 
to the Development Budget Coordination Committee (DBCC) the priorities for budget 
expenditure policies including sectoral and regional allocations. Together with the 
DBM and other relevant government oversight agencies, the DEDP shall ensure that 
the annual and multi-year appropriations for programs and projects are aligned with 
the development strategies in the PDP and RDPs. 
 
V. Policy Advisory 
SECTION 25. Policy Advisory. – The DEDP shall undertake policy reviews to provide 
objective, evidence-based, critical analyses of development issues and policy 
alternatives and report findings and recommendations to the President of the 
Philippines, the Congress of the Philippines, or the Economics and Development 
Planning Council, created under SECTION 43 of this Act, as appropriate. 
 
VI. Project Appraisal 
SECTION 26. Project appraisal. – The DEDP shall appraise proposed programs and 
projects as provided by existing laws and regulations, and as may be determined by 
the Economics and Development Planning Council in terms of economic and societal 
benefits and viability. The DEDP shall adopt and implement appropriate evaluation 
measures and criteria to determine the viability of programs and projects. Only 
programs and projects that have been found viable by the DEDP shall be endorsed to 
the Economics and Development Planning Council through the appropriate inter-
agency committee. 
 
VII. Monitoring and Assessment 
SECTION 27. Monitoring and Assessment. – The DEDP shall monitor and assess 
the progress of implementation of priority national and subnational programs and 


 
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projects, as defined by the Economics and Development Planning Council, with 
respect to physical and financial performance, among others. The DEDP shall also 
identify implementation bottlenecks and facilitate resolution of problems. The 
Department of the Interior and Local Government (DILG) shall complement the 
monitoring, reporting, and facilitation of programs and projects at the sub-regional 
level. Moreover, the DEDP shall determine the continued viability of national programs 
or projects and recommend corresponding measures to the Economics and 
Development Planning Council. 
 
SECTION 28. Philippine Development Report and Regional Development 
Reports. – The DEDP and its Regional Offices shall formulate annually the Philippine 
Development Report (PDR) and Regional Development Reports (RDRs). The PDR 
and RDRs shall serve as monitoring reports on the implementation of the PDP and 
RDPs, respectively. The results from such monitoring activities shall serve as inputs 
to policy and decision makers in the formulation of policies, budgeting, and 
implementation of programs and projects. To this end, the PDRs and RDRs shall 
contain the latest data and information pertaining to the goals, policies, and strategies, 
as specified in the PDP. 
 
SECTION 29. Official Development Assistance Portfolio Review. – The DEDP 
shall review the status of all projects funded by ODA pursuant to Republic Act No. 
8182, otherwise known as the “Official Development Assistance Act of 1996”. 
 
VIII. Evaluation 
SECTION 30. Evaluation. – The DEDP shall formulate a medium-term national 
evaluation agenda to assess the impact and outcomes of programs and projects. It 
shall oversee the conduct of evaluation studies consistent with the agenda, in support 
of good governance, transparency, accountability, and evidence-based decision-
making. 
 
IX. Independent Review 
SECTION 31. Independent Review. – In the course of its monitoring and assessment 
of programs and projects, the DEDP may independently review and evaluate facts and 
circumstances as a means of determining whether sufficient cause exists to initiate 


 
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appropriate legal action, in which case, a report shall be prepared and referred to the 
proper agency or body. 
 
X. Development Research 
SECTION 32. Research. – The DEDP shall conduct research, special surveys, and 
related studies as inputs to the formulation of policies and plans, and the design of 
programs and projects. The DEDP shall establish a Development Research Program 
so that broad policies, plans, and relevant programs can be formulated based on a 
sound analysis of data and evidence. 
 
XI. Knowledge Management and Communication 
SECTION 33. Knowledge Management and Communication. – The DEDP shall 
develop and maintain knowledge management systems, applications, and tools for 
timely and effective dissemination, accessibility, and comprehensibility of information 
and knowledge on economics and development planning issues. It shall develop and 
sustain communication and stakeholder engagement platforms towards well-informed 
and cost-effective public and private sector participation in the development process. 
 
XII. Transparency and Accountability Reports 
SECTION 34. Transparency and Accountability Reports. – Within the first quarter 
of every year, the DEDP shall submit a report to the President of the Philippines, 
Cabinet, Congress, and the Filipino people through the mass media, on the economic 
performance of the country. The report shall include the status and the directions of 
the fiscal and monetary policies of the government in coordination with the Bangko 
Sentral ng Pilipinas, the Department of Finance (DOF) and the DBM; macroeconomic 
outlook and labor market prospects; and other relevant information that may be 
requested, for purposes of transparency and accountability. 
 
SECTION 35. Inter-generational Report. – The DEDP shall submit an Inter-
Generational Report (IGR) to the President of the Philippines and Congress every six 
years. The IGR shall be an assessment of the long-term sustainability of existing 
government policies over the next 25 years, taking into account projected 
demographic, environmental and other changes. 
 


 
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XIII. Capacity Building of Development Planners 
SECTION 36. Capacity Building of Development Planners. – The DEDP, in 
coordination with appropriate institutions including state universities and colleges, 
subject to accreditation procedures, shall establish and implement a capacity building 
program on development planning for national and local planners to build, strengthen, 
and continually update the technical competencies of development planners in the 
country. The capacity building program shall also serve as a platform for wider 
dissemination of the country’s vision, development plans, policies, and programs. 
 
SECTION 37. Technical Assistance to Development Planners. – The DEDP shall 
provide technical assistance to the LGUs on how to localize national development 
strategies, particularly in planning and investment programming to ensure alignment 
of local development plans and strategies with the PDP and RDP. 
 
XIV. Economic and Financial Literacy 
SECTION 38. Economic and Financial Literacy. – The DEDP shall lead the 
participation of government agencies and instrumentalities, including LGUs, 
government-owned and controlled corporations (GOCCs) and educational institutions, 
in the conduct of knowledge-expanding activities on economic and financial literacy, 
pursuant to Republic Act No. 10922, otherwise known as the “Economic and Financial 
Literacy Act”. 
 
XV. Innovation and Futures Thinking 
SECTION 39. Innovation. – The DEDP shall provide secretariat support, and prepare 
and recommend priorities, policies, programs, projects, strategies, and other outputs 
to the National Innovation Council to realize the country’s strategic vision for 
innovation, pursuant to Republic Act No. 11293, or the “Philippine Innovation Act”. 
 
SECTION 40. Futures Thinking. – The DEDP shall continually undertake scenario 
planning exercises, anticipating future trends or discontinuities, and recommend 
responsive measures to the President of the Philippines and the Congress, as 
appropriate. 
 


 
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SECTION 41. Foresight Tools. – The DEDP shall employ or develop, as 
circumstances warrant, foresight tools to deal with emergent trends, understand 
plausible future states, craft corresponding strategies, and monitor relevant indicators 
of anticipated futures. 
 
XVI. Technical and Secretariat Support 
SECTION 42. Technical and Secretariat Support. – The DEDP shall serve as the 
Secretariat to the Economics and Development Planning Council and its Committees, 
the RDCs, and the National Innovation Council. In this capacity, the DEDP shall 
ensure that all policies, programs, and projects approved by these bodies are strictly 
aligned with the PDP and RDP. As secretariat support, it shall have the following duties 
and responsibilities: 
(a) Provide technical and administrative support; 
(b) Determine and prepare the agenda; 
(c) Prepare the minutes of the meeting; 
(d) Manage and maintain the official records; and 
(e) Perform other duties as may be assigned by the said bodies. 
Furthermore, the DEDP shall provide technical inputs, review, appraisal, or 
evaluation as applicable, for all programs and projects as defined by existing and 
subsequent laws, or those which may be defined by the Economics and Development 
Planning Council prior to the endorsement of such programs and projects to the 
Council for approval. At the subnational level, the DEDP Regional Offices shall provide 
prior technical inputs, review, appraisal, or evaluation for endorsement of programs 
and projects to RDCs for approval. 
The DEDP shall also provide advisory services to these bodies. 
 
CHAPTER 2 
ARTICLE I 
THE ECONOMICS AND DEVELOPMENT PLANNING COUNCIL 
SECTION 43. The Economics and Development Planning Council. – The 
Economics and Development Planning Council is hereby established, hereinafter 
referred to as the Council. The Council shall be headed by the President of the 
Philippines, shall be an executive collegial body responsible for directing and providing 


 
18
overall policy direction on economic, financial, social, and environmental matters to 
achieve inclusive and sustained economic growth. 
 
SECTION 44. Composition of the Council. – The Council shall be composed of the 
following: 
(a) President of the Philippines as Chairperson; 
(b) Executive Secretary; 
(c) Secretary of Economics and Development Planning as Vice-Chairperson; 
(d) Principals of the agencies chairing the Committees of the Council; 
(e) National of the Union of Local Authorities of the Philippines; and 
(f) Governor of the BSP, as a resource institution. 
The President of the Philippines may, however, revise the membership of the 
Council whenever the same is deemed necessary for the effective performance of the 
Council’s function. 
All members of the Council, except the Governor of the BSP, are voting 
members. The presence of a majority of all members of the Council shall constitute a 
quorum. The Council may request inputs from the private sector. 
 
SECTION 45. Powers and Functions of the Council. – The Council shall have the 
following powers and functions: 
(a) 
Direct the formulation and implementation of policies, plans, and programs that 
would promote economic development and address development concerns of 
national importance; 
(b) 
Approve the PDP, PIP, and their respective midterm updates; 
(c) 
Approve the level of annual government expenditures, as well as projections, 
forecast, resource requirement, and the ceiling of government spending for social 
and economic development, national defense, government debt service, and the 
proper allocation of expenditures for each development activity between current 
operating expenditures and capital outlay; 
(d) 
Approve the level of expenditure program of national government agencies by 
region, in accordance with the approved RDPs and RDIPs; 
(e) 
Define cost threshold and other criteria for priority programs and projects that 
shall require Council approval, unless already provided by existing laws, rules 
and regulations; 


 
19
(f) 
Approve projects, programs, and plans, as endorsed by the DEDP, as required 
under existing laws, orders, rules and regulations, and other issuances; 
(g) 
Initiate the formulation of proposals for the enactment of laws that may be 
necessary for the integration and implementation of economic and development 
policies, plans and programs or any of their component parts; 
(h) 
Issue rules and regulations necessary for the effective discharge of the powers 
and functions vested on the Council; and 
(i) 
Direct the reorganization, or establishment of Committees of the Council, 
including the modification of their respective membership, structures, powers, 
and functions. 
 
SECTION 46. Meetings. – The Council shall meet at least once every quarter. A 
special meeting of the Council may be convened by the President of the Philippines 
to address urgent concerns, or emergencies, such as natural disasters, calamities, or 
other extraordinary circumstances which would affect the economy or and national 
development. 
The DEDP shall maintain and preserve a complete record of the proceedings 
and deliberations of the Council, including the recordings and transcripts thereof, 
either in their original form, or in any secured format made available by existing 
technology, such as digital formatting. 
 
SECTION 47. Full Disclosure Rule. – In addition to the requirements of Republic Act 
No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public 
Officials and Employees”, any member of the Economics and Development Council 
with personal and pecuniary interest in any matter in the agenda of the Council shall 
disclose the interest to the Economics and Development Council and shall withdraw 
from the meeting when the matter is taken up. The decision taken on the matter shall 
be made public. The minutes shall reflect the disclosure made and the retirement of 
the member concerned from the meeting. 
 
ARTICLE II 
COMMITTEES OF THE COUNCIL 


 
20
SECTION 48. Committees of the Economics and Development Council. – The 
Economics and Development Council shall have committees that shall act as its 
primary advisory bodies. 
These Committees shall be the main coordinating mechanism that ensures that 
the policy environment is conducive to the promotion of rapid, inclusive, and sustained 
economic growth that raises the quality of life for all. 
The President of the Philippines shall designate the respective Chairpersons of 
the Committees. The DEDP shall serve as the Secretariat for all Committees, unless 
otherwise provided in this Act. The Council may create new committees, modify or 
abolish existing ones with respect to their structures, composition, powers, and 
functions. It may also create sub-committees, whenever appropriate, for the purpose 
of dispensing with any of their respective functions. To avoid duplication and ensure 
policy coherence, no other inter-agency body with the same or similar mandates to the 
Council’s Committees shall be created. 
Members of Congress may, upon invitation of the President of the Philippines, 
serve as resource persons in any of the Committees. 
 
SECTION 49. Development Budget Coordination Committee (BudgetCom). – The 
Development Budget Coordination Committee (BudgetCom) shall be composed of the 
Secretaries of the DBM, the DEDP, the DOF, the Executive Secretary, and the 
Governor of the BSP. 
A technical committee of the BudgetCom, composed of duly designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by BudgetCom. 
The BudgetCom shall discharge the following functions: 
(a) Endorse 
for 
final 
approval 
of 
the 
Council: 
(1) The level of annual government expenditures and the ceiling of 
government spending for economic and social development, national 
defense, 
and 
government 
debt 
service; 
(2) The budget to be allocated for current operating expenditures and capital 
outlays 
of 
government 
programs 
and 
projects; 
(3) A strategic multi-year fiscal program which supports the long-term and 
medium-term 
development 
objectives 
of 
the 
country; 
and 
(4) A domestic and foreign borrowing program. 


 
21
 
(b) Assess the overall economic situation of the country, which includes 
economic growth, monetary, fiscal, and possible economic risks which may 
require policy reforms; 
(c) Ensure that the regional allocations are responsive to poverty, development 
gaps, and economic opportunities; and 
(d) Conduct periodic review of fiscal and macroeconomic targets, and the 
revenue and expenditure projections of the government, including general 
examination of costs, accomplishments and performance standards applied 
in undertaking development projects; and 
(e) Perform such other functions as may be necessary to carry out the 
mandates of the BudgetCom. 
The DBM shall serve as the Secretariat to the BudgetCom. 
 
SECTION 50. Investment Coordination Committee (InvestmentCom). – The 
Investment Coordination Committee (InvestmentCom) shall be composed of the 
Secretaries of the DOF, the DEDP, the DBM, the DILG, the DTI, the Executive 
Secretary, and the Governor of BSP. 
A technical committee of the InvestmentCom, composed of duly designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by InvestmentCom. 
The InvestmentCom shall discharge the following functions: 
(a) Ensure the efficient and effective evaluation of major capital programs and 
projects of the country by determining levels of acceptability and viability 
relative to overall economic and fiscal conditions of the country; 
(b) Endorse 
the 
following 
to 
the 
Council 
for 
its 
approval: 
(1) Timetable of the implementation of major capital programs and projects 
on 
a 
regular 
basis; 
(2) Public-private partnerships, privatization, and other funding options to 
augment 
government’s 
financing 
capacity; 
(3) Modalities of development financing and capital market development in 
support of long-term programs and projects for both national and local 
government, 
and 
GOCCs; 
(4) Specific major programs and projects with respect to technical, financial, 


 
22
economic, social, environmental, legal, institutional, feasibility, and viability 
as well as from the context of sectoral plans and geographical strategies, as 
may be required by law, orders, and other legal issuances; and 
(5) Major capital projects based on a cost threshold or other criteria as may 
be set by the Council. 
(c) Submit to the President of the Philippines a status of the fiscal, monetary 
and balance of payment (BOP) implications of major capital programs and 
projects; and 
(d) Perform such other functions as may be necessary to carry out the 
mandates of the InvestmentCom. 
 
SECTION 51. Economic Development Committee (EconDevCom). – The 
Economic Development Committee (EconDevCom) shall be composed of the 
Secretaries of the DEDP, the DOF, the DTI, the DBM, the Department of Public Works 
and Highways (DPWH), the Department of Transportation (DOTr), the Department of 
Information and Communications Technology (DICT), the Department of Energy 
(DOE), the Department of Science and Technology (DOST), the Department of 
Tourism (DOT), the Department of Agriculture (DA), the Department of Labor and 
Employment (DOLE), , the DILG, the Governor of BSP, and the Executive Secretary. 
A technical committee of the EconDevCom, composed of duly designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by EconDevCom. 
The EconDevCom shall endorse for approval of the Council: 
(a) Policies that would ensure equitable and sustainable distribution of 
economic opportunities and benefits to Filipinos; 
(b) Policies towards the development of agriculture, industry, and services 
which are vital to achieving food security and more equitable and 
sustainable growth; 
(c) Policies for the improvement of national productivity, competition and 
competitiveness of domestic products and services; 
(d) Policies and measures to promote an environment conducive to the growth 
and competitiveness of private enterprises and the creation of jobs that will 
empower people and provide them with opportunities to rise above poverty 
to improve the quality of their lives; and 


 
23
(e) Perform such other functions as may be necessary to carry out the 
mandates of the EconDevCom. 
 
SECTION 52. Infrastructure Committee (InfraCom). – The Infrastructure Committee 
(InfraCom) shall be composed of the Secretaries of the DPWH, the DEDP, the DBM, 
the DOF, the DICT, the DOTr, the DTI, the DOE, the DA, the DOT, and the Executive 
Secretary. 
A 
technical 
committee of 
InfraCom, composed 
of 
duly 
designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by InfraCom. 
The InfraCom shall discharge the following functions: 
(a) Endorse for Council approval a national infrastructure development strategy 
that will coordinate, integrate and accelerate the development initiatives 
across all infrastructure subsectors in the country; 
(b) Advise the Council on all matters concerning infrastructure development, 
including roads, highways, and bridges; airports, seaports, offshore 
infrastructure and shore protection; railways and subways; power 
generation, transmission and distribution; ICT, telecommunications; 
irrigation, flood control and drainage; water supply, sewerage and 
sanitation; national buildings for government offices; hospitals and related 
buildings; state colleges and universities, elementary and secondary school 
buildings; reclamation; and other public works, whether procured or 
financed through traditional means, public-private partnerships, or any other 
method; 
(c) Coordinate the activities of agencies, including GOCCS involved in 
infrastructure development; and 
(d) Perform such other functions as may be necessary to carry out the 
mandates of the InfraCom. 
 
SECTION 53. Social Development Committee (SocialDevCom). – The Social 
Development Committee (SocialDevCom) shall be composed of the Secretaries of the 
Department of Social Welfare and Development (DSWD), the DEDP, the DBM, the 
Department of Education (DepEd), the Department of Agrarian Reform, the DA, the 
Department of Health, the DILG, the DOLE, and the Executive Secretary. 


 
24
 
A technical committee of SocialDevCom, composed of duly designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by SocialDevCom. 
The SocialDevCom shall discharge the following functions: 
(a) Endorse for approval of the Council policies and programs that enhance the 
welfare and reduce risks of Overseas Filipino Workers, older persons, 
differently-abled 
persons, 
children, 
women, 
indigenous 
peoples, 
marginalized farmers and fisher folk, and informal urban and upland settlers; 
(b) Advise the Council on matters concerning social development, including 
education, skills development, health and nutrition, population and family 
planning, housing, human settlements, social protection, and the delivery of 
other social services; and 
(c) Perform such other functions as may be necessary to carry out the 
mandates of the SocialDevCom. 
 
SECTION 54. Committee on Trade and Related Matters (TradeCom). – The 
Committee on Trade and Related Matters (TradeCom) shall be composed of the 
Secretaries of the DTI, DEDP, DA, DBM, the Department of Environment and Natural 
Resources (DENR), DOF, Department of Foreign Affairs, DICT, DOTr, the Executive 
Secretary, the Governor of BSP, and the Chairperson of the Tariff Commission. 
A technical committee of TradeCom, composed of duly designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by TradeCom. 
The TradeCom shall discharge the following functions: 
(a) Endorse for approval of the Council a continuous rationalization policy and 
program for the country’s tariff structure; 
(b) Advise the Council on trade and related matters, as well as the effects of 
various international developments on the country; 
(c) Coordinate government agency positions and recommend national 
positions for international economic negotiations; and 
(d) Perform such other functions as may be necessary to carry out the 
mandates of the TradeCom. 
 


 
25
SECTION 55. Regional Development Committee (RDCom). – The Regional 
Development Committee (RDCom) shall be composed of the Secretaries of the DEDP, 
DILG, DBM, DTI, three (3) RDC Chairpersons representing Luzon, Visayas and 
Mindanao, and one (1) representative from the Union of Local Authorities of the 
Philippines. 
A 
technical 
committee 
of 
RDCom, 
composed 
of 
duly 
designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by RDCom. 
The RDCom shall discharge the following functions: 
(a) Formulate and monitor the implementation of policies that reduce regional 
development disparities; 
(b) Promote equitable allocation of resources among regions by providing 
recommendations to the DBCC on the guidelines for the regional allocation 
of budgetary resources; 
(c) Periodically review the viability of the regional configuration of the country, 
and recommend to the Council the re-delineation of regions, as may be 
necessary; and 
(d) Perform such other functions as may be necessary to carry out the 
mandates of the RDCom. 
 
SECTION 56. Marine Resource and Land Use Committee (MaRLUCom). – The 
Marine Resource and Land Use Committee (MaRLUCom) shall be composed of the 
Secretaries of the DEDP, the DAR, the DA, the DOE, the DENR, the DILG, the DOST, 
the DOT, and the Department of Human Settlements and Urban Development, the 
Chairperson of the National Commission on Indigenous Peoples, the Chairperson of 
the National Coast Watch Council, and the presidents of the League of Provinces, the 
League of Municipalities, and the League of Cities. 
A technical committee of MaRLUCom, composed of duly designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by MaRLUCom. 
The MaRLUCom shall discharge the following functions: 
(a) Advise the Council on matters concerning Marine Resource Use Planning 
and Land Use Physical Planning; 


 
26
(b) Endorse for approval of the Council the NFPP as provided in Section 17 of 
this Act that guides the rational utilization and management of the country’s 
marine resources, land resources, and other physical resources, and the 
preparation of sub-national physical framework plans; 
(c) Endorse for approval of the Council resolutions concerning marine resource 
use and land use policy conflicts among agencies of the national 
government; 
(d) Ensure the integration of marine resource use, land use and physical 
planning policies, plans, and programs, including disaster risk management, 
into national socioeconomic plans and programs; and 
(e) Perform such other functions as may be necessary to carry out the 
mandates of the MaRLUCom. 
 
SECTION 57. Governance Committee (GovCom). – The Governance Committee 
(GovCom) shall be composed of the Secretaries of the DBM, the DEDP, the DILG, the 
DOF, the DTI, the Executive Secretary, the Department of Justice, the Chairperson of 
the Commission on Audit, the Director General of the Anti-Red Tape Authority, and 
the Chairperson of the Governance Commission for GOCCs. 
A 
technical 
committee 
of 
GovCom, 
composed 
of 
duly 
designated 
Undersecretaries of the same member agencies, is hereby established to conduct a 
technical review of matters that require appropriate action by GovCom. 
The GovCom shall endorse for approval of the Council: 
(a) Policies that promote transparency, accountability, and participatory 
governance; 
(b) Policies that strengthen public institutions to effectively and efficiently 
implement their respective mandates; 
(c) Policies, plans, and programs that improve policy and regulatory 
environment to reduce cost of doing business and promote market 
competition; and 
(d) Perform such other functions as may be necessary to carry out the 
mandates of the GovCom. 
 
SECTION 58. Regional Development Council. – The Regional Development 
Councils (RDCs) are the regional counterparts of the Council. Each RDC shall be 


 
27
composed of the provincial governors, the city mayors, the mayors of the 
municipalities designated as provincial capitals, the presidents of the provincial league 
of mayors, the mayors of municipalities designated as regional centers, the regional 
directors of the agencies represented in the Council, the regional directors of the 
DepEd, the DSWD, and the DOT, and the private sector representatives who shall 
comprise one-fourth (1/4) of the members of the fully constituted RDC. 
The President of the Philippines shall appoint the Chairperson and Vice- 
Chairperson of the RDC. The DROs shall serve as secretariat of the RDCs. 
 
CHAPTER 3 
TRANSITORY AND OTHER MISCELLANEOUS PROVISIONS 
SECTION 59. Transitory Provision. – The National Economic and Development 
Authority (NEDA) is hereby abolished. The powers and functions, applicable funds and 
appropriations, records, files, equipment, facilities, supplies, property, and personnel 
of the NEDA are hereby transferred to and absorbed by the DEDP. All current officials 
and employees of the NEDA shall be retained under the DEDP. Any reference to the 
NEDA, or to the Director General of the NEDA or the Secretary of Socio-economic 
Planning in any existing law, Executive Order, Administrative Order, or Presidential 
Proclamation, rules and regulations, and other issuances with respect to any duty or 
function assumed by the DEDP created in this Act, shall be deemed hereinafter to be 
referenced to the DEDP or to the Secretary of Economics and Development Planning, 
respectively. 
Within six (6) months upon effectivity of this Act, the DEDP shall prepare the 25-
year Framework. For this purpose, the amount necessary to carry out the necessary 
preparation of the Framework shall be provided for in the General Appropriations Act. 
All programs and projects submitted to the NEDA for appraisal and those 
endorsed by the current Investment Coordination Committee for the approval of the 
NEDA Board prior to the effectivity of this Act shall be processed by the DEDP and the 
Economics and Development Council, respectively, subject to the prevailing laws, 
rules and regulations, guidelines, and issuances at the time of submission or 
endorsement. 
 
SECTION 60. Transfer of Rights and Obligations. – The DEDP shall, by virtue of 
this Act, be subrogated to all the rights and assume all the obligations of the NEDA, 


 
28
and all its liabilities that pertain to its pertinent funds and appropriations, records, files, 
equipment, facilities, supplies, property, and personnel, including unexpended 
portions of its members’ respective salaries. 
 
SECTION 61. Separation and Retirement from Service. – The NEDA employees 
who are separated from service as a result of the consolidation and reorganization 
under the provisions of this Act, shall be entitled to the following applicable separation 
incentives: 
(a) 
One half (1/2) of the actual monthly basic salary for every year of service, for 
those who have rendered less than eleven (11) years of service; 
(b) 
Three-fourths (3/4) of the actual monthly basic salary for every year of service, 
computed starting from the first year, for those who have rendered eleven (11) 
to less than twenty-one (21) years of service; 
(c) 
The actual monthly basic salary for every year of service, computed starting from 
the first year, for those who have rendered twenty-one (21) to less than thirty-
one (31) years of service; and 
(d) 
One and one-fourth (1¼) of the actual monthly basic salary for every year of 
service, computed starting from the first year, for those who have rendered thirty-
one (31) years of service and above. 
 
The NEDA employees who opt to retire under existing retirement laws shall also 
be entitled to the above incentives in addition to the retirement benefits to which they 
may be entitled under applicable laws and issuances: Provided, That personnel who 
avails of the separation incentives under this Act shall not be re-employed in any 
agency of the executive branch for a period of five (5) years, except as a teaching or 
medical staff in educational institutions and hospitals, respectively: Provided, further, 
That retired or separated personnel who are re-employed within the prohibited period 
shall refund the separation incentives received on a pro-rated basis: 
For purposes of the additional separation incentives, the actual monthly basic 
salary shall refer to the salary of the affected personnel as of the date of approval of 
the department's organizational structure and staffing pattern by the DBM. 
 


 
29
SECTION 62. Other Benefits of Retired and Separated Personnel. – The affected 
personnel who shall retire or are separated from the service shall, in addition to the 
applicable benefits abovementioned, be entitled to the following: 
(a) 
Refund of Pag-IBIG contributions, both personal and government, pursuant to 
existing rules and regulations of the home development mutual fund; and 
(b) 
Commutation of unused vacation and sick leave credits of the affected personnel 
in accordance with existing rules and regulations. 
 
SECTION 63. Appropriations. – The amount necessary to cover the initial 
implementation of this Act shall be charged against the current year’s appropriations 
of the NEDA. Thereinafter, such sums as may be necessary for the continued and 
effective implementation of this Act shall be included in the annual GAA. 
Such sums as may be necessary to implement the Capacity Building Program of 
the DEDP, DEDP Research Program and DEDP Evaluation Program shall also be 
included in the annual GAA. 
 
SECTION 64. Implementing Rules and Regulations. – Within ninety days (90) days 
after the effectivity of this Act, the DEDP shall promulgate the rules and regulations, 
as well as the necessary issuances required for the proper implementation of the 
provisions of this Act. 
 
SECTION 65. Separability Clause. – If any provision or portion of this Act is declared 
unconstitutional, the remainder of this Act or any provision not thereby affected shall 
remain in full force and effect. 
 
SECTION 66. Repealing Clause. – Executive Order No. 230, Series of 1987, entitled 
“Reorganizing the National Economic and Development Authority,” and Book V, Title 
II, Subtitle C, entitled “The National Economic and Development Authority” of 
Executive Order No. 292, Series of 1987, otherwise known as the “Administrative 
Code of 1987,” are hereby repealed. All other laws, ordinances, orders, rules, 
regulations, and other issuances, or parts thereof, which are contrary or inconsistent 
with any provision of this Act, are hereby repealed, amended, or modified accordingly. 
 


 
30
SECTION 67. Effectivity. – This Act shall take effect fifteen (15) days after its 
publication in the Official Gazette or in a newspaper of general circulation. 
 
Approved,