Image source: neda.gov.ph
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Also, the matters contained in the following were written in accordance with the law, rules, and jurisprudence prevailing at the time of writing and posting, and do not include any future developments on the subject matter under discussion.
AT A GLANCE:
Under Section 5 of the Executive Order No. 230, the powers and functions of the Authority reside in the NEDA Board. The Authority shall primarily be responsible for formulating and continuing, coordinated and fully integrated social and economic policies, plans and programs.
Further, its key responsibilities include:
- Coordination of activities such as the formulation of policies, plans, and programs to efficiently set the broad parameters for national and sub-national (area-wide, regional, and local development);
- Review, evaluation, and monitoring of infrastructure projects identified under the Comprehensive and Integrated Infrastructure Program consistent with the government’s thrust of increasing investment spending for the growing demand on quality infrastructure facilities; and,
- Undertaking of short-term policy reviews to provide critical analyses of development issues and policy alternatives to decision-makers.
The National Economic and Development Authority (NEDA) is the country’s premier socioeconomic planning body, highly regarded as the authority in macroeconomic forecasting and policy analysis and research. It provides high-level advice to policymakers in Congress and the Executive Branch. Its key responsibilities include:
- Coordination of activities such as the formulation of policies, plans, and programs to efficiently set the broad parameters for national and sub-national (area-wide, regional, and local development);
- Review, evaluation, and monitoring of infrastructure projects identified under the Comprehensive and Integrated Infrastructure Program consistent with the government’s thrust of increasing investment spending for the growing demand on quality infrastructure facilities; and,
- Undertaking of short-term policy reviews to provide critical analyses of development issues and policy alternatives to decision-makers. (neda.gov.ph/about-neda/)
Powers and Functions of the National Economic and Development Authority
Under Section 5 of the Executive Order No. 230, the powers and functions of the Authority reside in the NEDA Board.
The Authority shall primarily be responsible for formulating and continuing, coordinated and fully integrated social and economic policies, plans and programs, on the basis of the following:
- The State aims to achieve objectives of growth coupled with equity;
- Development leading to the attainment of the above-mentioned goals is a multi-faceted process that calls for the coordination and integration of policies, plans, programs and projects of all sectors of society;
- In the formulation of basic policies, plans, programs and projects, there shall be maximum participation by and consultation with concerned private sector groups, community organizations and beneficiaries and local government units in order to ensure that priority needs are incorporated into such policies, plans, programs and projects;
- National plans shall be in fact the sum of nationally and regionally identified targets and strategies and locally formulated approaches to perceived local needs and priorities, carried out within the framework of national strategies;
- Major socio-economic policies, plans, programs and projects of different government agencies must be properly coordinated with the Authority at both the national and regional levels prior to their adoption, in order to ensure their consistency with established national priorities and coordination with other policies, plans, programs and projects of the government; and
- The linkage between development planning, programming and budgeting shall be of the highest priority in planning and budgeting activities.
- The Authority, after direct consultation with the 16 private sector, community organizations and beneficiaries, local government units and appropriate public agencies, shall be responsible for coordinating the formulation of continuing and integrated socioeconomic development plans, policies and programs, including the formulation of annual and medium-term public investment programs, programming of official development assistance in the form of grants and concessional loans from foreign governments and multilateral agencies and organizations, and the monitoring and evaluation of plan implementation.
Read also: Socio-Economic Planning and Development Week (Proclamation No. 666, series)
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