NINETEENTH CONGRESS OF THE ) 
REPUBLIC OF THE PHILIPPINES ) 
Second Regular Session 
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, 
' \ 
J."-; 'I*' ‘
23 OCT 18 P 4 -14
S.B. No.
Introduced by SENATOR IMEE R. MARCOS
AN ACT
CREATING THE DEPARTMENT OF ECONOMIC PLANNING AND 
DEVELOPMENT, DEFINING ITS POWERS AND FUNCTIONS,
APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
EXPLANATORY NOTE
Article XII, Section 9 of the 1987 Constitution provides that:
"The Congress may establish an independent economic and pianning agency 
headed by the President, which shail, after consuitations with the appropriate pubiic 
agencies, various private sectors, and iocal government units, recommend to Congress, 
and implement continuing integrated and coordinated programs and policies for 
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 Deveiopment Authority (NEDA) was estabiished in 
1973 by Presidentiai Decree No. 107, absorbing the powers and functions of the 
previous National Economic Deveiopment 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 institutionaiizing the NEDA to implement long term, integrated, and coordinated 
programs and poiicies for nationai deveiopment.
The institutionaiization of NEDA seeks to (1) facilitate planning and coordination 
among relevant government agencies; (2) ensure non-redundancy, effectivity, and 
efficiency in the aiignment of economic resources; (3) improve access to data and 
information needed for supporting 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.
In view of the foregoing, the passage of this bill is earnestly sought.
R. MARCOS


NINETEENTH CONGRESS OF THE ) 
REPUBLIC OF THE PHILIPPINES ) 
Second Regular Session 
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of :/i' - 
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23 OCT 18 P4:14
SENATE
Introduced by SENATOR IMEE R. MARCOS
AN ACT
CREATING THE DEPARTMENT OF ECONOMIC PLANNING AND 
DEVELOPMENT, DEFINING ITS POWERS AND FUNCTIONS, 
APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
Be it enacted by the Senate and House of Representatives of the Philippines in Congress 
assembled:
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CHAPTER I
CREATION OF THE DEPARTMENT OF ECONOMIC PLANNING AND
DEVELOPMENT
ARTICLE I 
TITLE AND POLICY
SECTION 1. Short Title. This Act shall be known as the "Department of 
Economic Planning and Development."
SEC. 2. Declaration of Policy. - The State recognizes that, pursuant to Section 
9, Article XII of the 1987 Philippine Constitution, the 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.
The State recognizes that, pursuant to Section 1, Article XII of the Constitution, 
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.


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ARTICLE II
DEPARTMENT OF ECONOMIC PLANNING AND DEVELOPMENT
SEC. 3. Creation of the Department of Economics and Planning. - There is 
hereby created a Department of Economic Planning and Development, hereafter 
referred to as DEPD.
SEC. 4. Mandate. - DEPD shall be the policy, planning, coordinating, 
implementing, and administrative entity of the Executive Branch of government on 
economic planning and development. It shall formulate the country's continuing, 
integrated, and coordinated policies, plans, and programs for national development and 
oversee the country's public investment program.
SEC. 5. Powers and Functions. DEPD shall have the following powers and 
functions:
I. Policy and Planning
a. 
Formulate the long-term development framework as the basis for 
overall direction of government policies, programs, and projects;
b. 
Formulate the national and regional framework for physical and 
spatial planning to ensure the sustainable use of land and other physical 
resources;
c. 
Formulate national, inter-regional, regional and provincial 
development plans that set forth measurable goals, strategies, proposed policies, 
programs, and projects;
d. 
Ensure consistency of national, inter-regional, regional and 
provincial sectoral, and spatial plans and programs and monitor their respective 
implementations;
e. 
Recommend the priorities for budget expenditure policies including 
sectoral and regional allocations;
f. 
Propose and review policies to achieve economic development 
goals and foster innovation;
g. 
Conduct research, surveys, and related studies for the formulation 
of policies, plans, programs, and projects; and
h. 
Coordinate with autonomous and administrative regions in the 
conduct of planning activities affecting their respective regions.
II. Investment Programming
a. 
Formulate and review the national and regional public investment 
program that identifies priority programs, activities, and projects;
b. 
Adopt and implement appropriate evaluation measures and criteria 
to determine viability of programs and projects;
c. 
Appraise and recommend programs and projects that are found
viable;


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d. 
Monitor and assess the progress of implementation of priority 
programs and projects; and
e. 
Assess the impacts and outcomes of priority programs and 
projects.
III. 
Capacity Building of Development Planners
a. 
Establish and implement a capacity building program on 
development planning for national, regional, and local planners; and
b. 
Provide technical assistance on the localization of national 
development strategies.
IV. 
Secretariat Support
a. Provide technical and secretariat support to the Economics and 
Planning Council and its Committees, Regional Development Councils, National 
Innovation Council, and Legislative-Executive Development Advisory Council.
SEC. 6. Composition of DEPD. - DEPD shall be headed by a Secretary. The 
Department Proper shall be composed of the Office of the Secretary, the Offices of the 
Undersecretaries and Assistant Secretaries, technical and sectoral staffs, operations 
support staffs, and regional offices.
SEC. 7. Secretary of Economics and Pianning. - The Secretary of Economics 
and Planning, hereafter referred to as the Secretary, shall be appointed by the 
President, subject to the confirmation of the Commission on Appointments. The 
Secretary, who shall be the country's Chief Economist, shall have the following minimum 
qualifications: a natural-born citizen and resident of the Philippines: of good moral 
character; must have distinguished himself/herself professionally in public, civic, or 
academic service in the field of economics; must have been in the active practice of 
his/her profession for at least ten (10) years; and must not have been a candidate for 
any elective national or local office in the immediately preceding elections, whether 
regular or special.
SEC. 8. Powers and Functions of the Secretary. - The Secretary shall have the 
following powers and functions:
(a) 
Advise the President on matters of national economic and social 
development;
(b) 
Provide executive direction and supervision over the entire operations of 
DEPD;
(c) 
Establish policies and standards for the efficient and effective operations 
of DEPD;
(d) 
Exercise disciplinary powers over officers and employees of DEPD in 
accordance with law;
(e) 
Promulgate such rules and regulations, and exercise such other powers 
as may be required to implement the objectives of this Act; and
(f) 
Perform such other functions as may be provided by law.


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SEC. 9. Undersecretaries and Assistant Secretaries. - The Secretary shall be 
assisted by four (4) Undersecretaries and eight (8) Assistant Secretaries, who shall be 
appointed by the President upon recommendation of the Secretary.
The Secretary shall have the flexibility to determine the respective assignments 
of the Undersecretaries and Assistant Secretaries depending on DEPD's strategic 
directions and/or on emerging development trends affecting the country's economy.
SEC. 10. Groups and Offices. - DEPD shall have four (4) major Groups headed 
by Undersecretaries, to be supported by Offices and Staffs in the discharge of their 
functions, to wit:
(a) 
The Policy and Planning Group which shall be responsible for preparing 
and updating the integrated long-term development frameworks and plans, and 
physical planning frameworks; harmonizing national and sub-national, sectoral, 
and spatial plans and programs and monitoring their respective implementations; 
conducting research and related studies for plan formulation and policy 
recommendations; and preparing the annual economic reports;
(b) 
The Investment Programming Group which shall be responsible for 
translating plans and policies into programs and projects for sectoral and regional 
development; and formulating the public investment program;
(c) 
The Regional Development Group which shall be responsible for 
promoting and undertaking regional planning and development; and
(d) 
The Corporate Affairs Group which shall be responsible for providing 
support services relating to budget, finance and management; human resources; 
legal assistance; information, communications and technology; records; supplies 
and equipment; collection and disbursement; security; sanitation; and custodial 
work.
The Secretary shall have the flexibility to reorganize the groups, offices, and 
staffs, and to recommend to DBM for approval, the creation of additional offices, 
positions, or staffing modifications as may be necessary.
SEC. 11. Structure and Staffing. - The organizational structure and staffing 
shall be determined by DEPD and shall be submitted to DBM for approval as necessary.
SEC. 12. DEPD Regional Offices. - The DEPD shall establish, operate and 
maintain a regional office in all the different regions of the country. Each regional office 
shall be headed by a Regional Director, who shall be assisted by an Assistant Director. 
The regional offices shall discharge the functions of DEP, as applicable, at the regional 
level.
SEC. 13. Attached Agencies. - The agencies currently attached to the National 
Economic and Development Authority (NEDA) shall hereafter be attached to DEPD and


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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 Philippine Institute for Development Studies (PIDS) as the government's 
primary socioeconomic policy think tank; and the Philippine Statistics Authority (PSA) 
as the government's central statistical authority shall be organizationally linked to the 
Office of the Secretary for policy and program coordination.
The Public-Private Partnership Center of the Philippines (PPPC) as the agency 
responsible for the promotion and facilitation of PPP programs and projects shall be 
organizationally linked to the Investment Programming Group for policy and program 
coordination.
The Philippine Statistical Research and Training Institute (PSRTI) as the agency 
mandated to conduct high quality, objective and responsive statistical research and 
training; the Commission on Population and Development (POPDEVCOM) as the agency 
responsible for the government's national program on population and family planning; 
and the Philippine National Volunteer Service Coordinating Agency (PNVSCA) as the 
agency mandated to promote and coordinate volunteer programs and services shall be 
organizationally linked to the Policy and Planning Group for policy and program 
coordination.
The Tariff Commission (TC) as the agency that provides independent analysis, 
information, and technical support on matters related to tariff and non-tariff measures 
shall be organizationally linked to the Policy and Planning Group for administrative 
purposes.
SEC. 14. Legislative-Executive Development Advisory Council. - DEPD 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." The LEDAC 
Secretariat shall hereafter be integrated in the organizational structure of DEP. The 
necessary appropriations for operating and capital expenditure of the LEDAC Secretariat 
shall be included in DEPD's budget in the General Appropriations Act.
CHAPTER II
THE ECONOMICS AND PLANNING COUNCIL AND ITS COMMITTEES
SEC. 15. The Economics and Planning Council. - There shall be established an 
Economics and Planning Council, hereafter referred to as the Council, as the executive 
collegial body responsible for directing and providing overall policy direction on 
economic, financial, social and environmental matters to achieve inclusive and sustained 
economic growth. The Council shall be headed by the President of the Philippines.


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SEC. 16. Composition of the Council. - The Council shall be composed of the 
following:
(a) 
The President of the Philippines as Chairperson;
(b) 
Secretary of Economics and Planning;
(c) 
Secretary of Finance;
(d) 
Secretary of Budget and Management;
(e) 
Secretary of Interior and Local Government
(f) 
Secretary of Trade and Industry
(g) 
Secretary of Public Works and Highways
(h) 
Chairperson of the Union of Local Authorities of the Philippines; and
(i) 
Governor of the Bangko Sentral ng Pilipinas (BSP), as a resource 
institution.
All members of the Council, except the Governor of 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.
The President shall assign the Vice-Chairperson from among the members of the 
Council. The President may revise the membership of the Council as deemed necessary 
for the effective performance of the Council's functions.
SEC. 17. 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 promote economic development and address development 
concerns of national importance;
(b) 
Approve policies, plans, programs, and projects, as endorsed by the 
Committees;
(c) 
Approve proposed cost threshold and other criteria for priority programs 
and projects, unless already provided by existing laws, rules and regulations;
(d) 
Approve the level of annual government expenditures, as well as 
projections, forecast, resource requirement, and the ceiling of government 
spending; and
(e) 
Issue rules and regulations necessary for the effective discharge of the 
powers and functions vested on the Council.
SEC. 18. Meetings. - The Council shall meet quarterly. A special meeting of the 
Council may be convened by the President to address urgent concerns, emergencies, 
and other extraordinary circumstances. All decisions of the Council shall require the 
concurrence of the President of the Philippines. DEPD shall maintain and preserve a 
complete record of the proceedings and deliberations of the Council, including the 
recording and transcripts, either in their original form, or in any secure format made 
available by existing technology.


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SEC. 19. 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 Council with personal and pecuniary 
interest in any matter in the agenda of the Council shall disclose the interest to the 
Council and shall withdraw from the meeting when the matter is taken up. The minutes 
shall reflect the disclosure made and the retirement of the member concerned from the 
meeting.
SEC. 20. Committees of the Council. - The 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.
The President shall designate the respective Chairpersons of the Committees. DEPD 
shall serve as the Secretariat for all Committees, unless otherwise provided in this Act. 
The President may revise the membership and reorganize the structures and functions 
of the Committees, and establish new committees, as deemed necessary.
SEC. 21. Development Budget Coordination Committee (BudgetCom). - 
BudgetCom shall be composed of the Secretaries of the Department of Budget and 
Management, Department of Economics and Planning, and Department of Finance, the 
Executive Secretary, and the Governor of BSP.
A technical committee of 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 Department of Budget and 
Management shall serve as the Secretariat for BudgetCom.
BudgetCom shall recommend for final approval of the Council:
(a) 
The level of annual government expenditures and the ceiling of 
government spending for economic and social development, national defense, 
and government debt service;
(b) 
The budget to be allocated for current operating expenditures and capital 
outlays of government programs and projects;
(c) 
A strategic multi-year fiscal program which supports the long-term and 
medium-term development objectives of the country; and
(d) 
A domestic and foreign borrowing program.
SEC. 22. Investment Coordination Committee (InvestmentCom). - 
InvestmentCom shall be composed of the Secretaries of the Department of Finance, 
Department of Economics and Planning, Department of Budget and Management, 
Department of the Interior and Local Government, and Department of Trade and 
Industry, the Executive Secretary, and the Governor of BSP.


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A technical committee of 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.
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) 
Recommend for the final approval of the Council:
i. 
The timetable of the implementation of major capital programs and 
projects on a regular basis;
ii. 
Public-private partnerships, privatization, and other funding 
options to augment government's financing capacity;
iii. 
Modalities of development financing and capital market 
development in support of long-term programs and projects for 
both national and local government, and GOCCs; and
iv. 
Specific major programs and projects found viable in terms of 
economic and social benefits, and viability.
(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.
SEC. 23. Economic Development Committee (EconDevCom). - EconDevCom 
shall be composed of the Secretaries of the Department of Economics and Planning, 
Department of Finance, Department of Trade and Industry, Department of Budget and 
Management, Department of Public Works and Highways, Department of 
Transportation, Department of Information and Communications Technology, 
Department of Energy, Department of Science and Technology, Department of Tourism, 
Department of Agriculture, and Department of the Interior and Local Government, the 
Executive Secretary, and the Governor of BSP.
A technical committee of 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.
EconDevCom shall recommend for final approval of the Council:
(a) 
Policies that ensure equitable and sustainable distribution of economic 
opportunities and benefits to Filipinos;
(b) 
Policies towards the development of agriculture, industry, and services 
that are vital to food security, and equitable and sustainable growth; and


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(c) Policies and measures to promote national productivity, competition and 
competitiveness.
SEC. 24. Infrastructure Committee (InfraCom). - InfraCom shall be composed 
of the Secretaries of the Department of Public Works and Highways, Department of 
Economics and Planning, Department of Budget and Management, Department of 
Finance, Department of Information and Communications Technology, Department of 
Transportation, Department of Trade and Industry, Department of Energy, Department 
of Agriculture, and Department of Tourism, 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.
InfraCom shall discharge the following functions:
(a) 
Recommend for the final approval of the Council a national infrastructure 
development strategy;
(b) 
Advise the Council on all matters concerning infrastructure development; 
and
(c) 
Coordinate the activities of agencies, including government-owned and 
controlled corporations involved in infrastructure development.
SEC. 25. Social Development Committee (SociaiDevCom). - SocialDevCom shall 
be composed of the Secretaries of Department of Social Welfare and Development, 
Department of Economics and Planning, Department of Budget and Management, 
Department of Education, Department of Agrarian Reform, Department of Agriculture, 
Department of Health, Department of the Interior and Local Government, and 
Department of Labor and Employment, and the Executive Secretary.
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.
SocialDevCom shall discharge the following functions:
(a) 
Recommend for final 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; 
and
(b) 
Advise the Council on matters concerning social development and delivery 
of social services.


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SEC. 26. Committee on Trade and Related Matters (TradeCom). - TradeCom 
shall be composed of the Secretaries of the Department of Trade and Industry, 
Department Economics and Planning, Department of Agriculture, Department of Budget 
and Management, Department of Environment and Natural Resources, Department of 
Finance, Department of Foreign Affairs, Department of Information and 
Communications Technology, and Department of Transportation, 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.
TradeCom shall discharge the following functions:
(a) 
Recommend for final approval of the Council a continuous rationalization 
policy and program for the country's tariff structure;
(b) 
Advise the Councii on trade and related matters, as well as the effects of 
various internationai developments on the country; and
(c) 
Coordinate government agency positions and recommend national 
positions for international economic negotiations.
SEC. 27. Regional Development Committee (RDCom). - RDCom shall be 
composed of the Secretaries of the Department of Economics and Planning, Department 
of the Interior and Local Government, Department of Budget and Management, and 
Department of Trade and Industry, three (3) Regional Development Council 
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.
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 DBCC on the guidelines for the regional allocation of 
budgetary resources; and
(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.
SEC. 28. Marine Resource and Land Use Committee (MaRLUCom). - MaRLUCom 
shall be composed of the Secretaries of the Department of Economics and Pianning, 
Department of Agrarian Reform, Department of Agriculture, Department of Energy,
10


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Department of Environment and Natural Resources, Department of the Interior and 
Local Government, Department of Science and Technology, Department of Tourism, 
and 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 leagues of provinces, municipalities and 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.
MaRLUCom shall discharge the following functions:
(a) 
Advise the Council on matters concerning marine resource use planning 
and land use physical planning;
(b) 
Recommend for final approval of the Council the national and sub-national 
framework for physical planning;
(c) 
Recommend for final approval of the Council resolutions concerning 
marine resource use and land use policy conflicts among national government 
agencies; and
(d) 
Ensure the integration of marine resource use, land use and physical 
planning, including disaster risk management, into national development 
policies, plans and programs.
SEC. 29. Regional Development Council (RDC). - The Regional Development 
Councils are the regional counterparts of the Council. Each RDC shall be composed of 
provincial governors, city mayors, mayors of municipalities designated as provincial 
capitals, presidents of the provincial league of mayors, mayors of municipalities 
designated as the regional centers, regional directors of the agencies represented in 
the Council, regional directors of the Department of Education, Department of Social 
Welfare and Development, and Department of Tourism, and private sector 
representatives who shall comprise one-fourth of the members of the fully constituted 
RDC.
The President of the Philippines shall appoint the Chairperson and Vice 
Chairperson of the RDC. The DEPD Regional Offices shall serve as secretariat of the 
RDCs.
CHAPTER III
TRANSITORY AND OTHER MISCELLANEOUS PROVISIONS
SEC. 30. Transitory Provision. - NEDA is hereby abolished. DEPD shall, by virtue 
of this Act, be subrogated to all the rights and assume all the liabilities of NEDA, and all 
of its funds, records, property, assets, equipment, and such personnel as necessary, 
including unexpended appropriations and^r allocations. All contracts and liabilities of 
NEDA are hereby transferred to and assumed by DEPD and shall be acted upon in
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accordance with the Auditing Code and other pertinent laws, rules, and regulations. All 
current officials and employees of NEDA shall be retained under and absorbed by DEPD.
Any reference to NEDA or to the Secretary of NEDA 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 DEPD created in this 
Act, shall be deemed hereafter to be referenced to DEPD or to the Secretary of 
Economics and Planning, respectively.
All programs and projects submitted to NEDA for appraisal and/or those 
endorsed by the current Investment Coordination Committee for NEDA Board approval 
prior to the effectivity of this Act shall be processed by DEPD and the Council, 
respectively, subject to the prevailing laws, rules and regulations, guidelines, and 
issuances at the time they were submitted or endorsed.
SEC. 31. Separation and Retirement from Service. - NEDA employees who are 
separated from service as a result of the consolidation and/or reorganization under the 
provisions of this Act, shall receive separation benefits to which they may be entitled 
under existing laws: Provided, That those who are qualified to retire under existing 
retirement laws shall be allowed to retire and receive retirement benefits to which they 
may be entitled under applicable laws and issuances.
SEC. 32. Appropriations. - The amount necessary to cover the initial 
implementation of this Act shall be charged against the current year's appropriations of 
NEDA. Thereafter, such sums as may be necessary for the effective and continuous 
implementation of this Act shall be included in the annual General Appropriations Act.
SEC. 33. Impiementing Ruies and Reguiations. - Within ninety days (90) days 
from the effectivity of this Act, DEPD shall promulgate the rules and regulations, as well 
as the necessary issuances required for the proper implementation of the provisions of 
this Act. The implementing rules and regulations shall take effect fifteen (15) days after 
the completion of its publication in two (2) newspapers of general circulation. Within 
three (3) days from its effectivity date, three (3) certified copies of the published 
implementing rules and regulations shall be furnished to the University of the Philippines 
Office of the Law Center pursuant to Book VII, Chapter 2, Section 3 of the Administrative 
Code of 1987.
SEC. 34. Separabiiity Ciause. - 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.
SEC. 35. Repealing Clause. - Executive Order No. 230, series of 1987, and 
Chapters 1, 2, 3, and 4, Subtitle C, Title II, Book V of Executive Order No. 292, Series 
of 1987, are hereby repealed. All laws, decrees, executive orders, ordinances, rules.
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regulations, and other issuances, or parts thereof, which are inconsistent with any 
provision of this Act, are hereby repealed, amended, and/ or modified accordingly.
SEC. 36. Effectivity. - This Act shall take effect fifteen (15) days after its 
publication in the Official Gazette or in a newspaper of general circulation.
Approved,
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