National Economic and Development Authority
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| Agency overview | |
|---|---|
| Formed | 1972 (Presidential Decree No. 107) |
| Annual budget | P1.739 billion (2007) |
| Agency executive |
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| Website | www |
The National Economic and Development Authority (Filipino: Pambansang Pangasiwaan sa Kabuhayan at Pagpapaunlad), abbreviated as NEDA, is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the President of the Philippines as chairman of the NEDA board, with the Secretary of Socio-Economic Planning, concurrently NEDA Director-General, as vice-chairman. A number of Cabinet members, the Governor of the Central Bank, the Chairman of the Metropolitan Manila Development Authority, the Governor of the Autonomous Region in Muslim Mindanao, the Chairman of the Commission on Information and Communications Technology, the Chairman of the Subic-Clark Area Development Corporation, and the National President of the Union of Local Authorities of the Philippines are members of the NEDA Board.
The present Director-General is Ernesto Pernia as appointed by president Rodrigo Duterte.
The NEDA was established in 1973 with Dr. Gerardo Sicat as its first director general. With the exception of Sicat, the Prime Minister of the Philippines was usually the head of the agency before the First People Power Revolution. President Corazon C. Aquino re-organized the NEDA into its present form (see below) and appointed Winnie Monsod as its first director-general after EDSA II.
The present form of the NEDA was organized by President Corazon C. Aquino on July 22 1987 through Executive Order No. 230. It defined the composition of the NEDA Board and the Secretariat and its powers and functions, the powers and functions of the Authority and its committees.
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