National Economic and Development Authority (Philippines)
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| Agency overview | |
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| Formed | 1972 (Presidential Decree No. 107) |
| Annual budget | P1.739 billion (2007) |
| Agency executives |
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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 and Socioeconomic Planning Secretary is Sec. Ernesto Pernia as appointed by president Rodrigo Duterte.
On November 15, 1935, the Commonwealth of the Philippines was inaugurated with Manuel L. Quezon as President, Sergio Osmeña as Vice President, and a unicameral National Assembly as the Legislature. One of the first acts of the President Manuel L. Quezon was to call for a special session of Congress to enact certain laws needed by the government. Under Commonwealth Act No. 2, enacted on December 23, 1935, an advisory body for economic concerns of the Philippines called the National Economic Council was tasked with advising the government on economic and financial matters, and formulate an economic program based on national independence. The president was authorized to appoint its respective members with the consent of the Commission on Appointments of the National Assembly.
The year following its creation, the National Economic Council was organized on February 14, 1936, composed of its inaugural members - the Secretary of Finance (who served as Chairman), the Secretary of Agriculture and Commerce, the Chairman of the Board of Directors of the Philippine National Bank, the President of the National Development Company, the President of the Manila Railroad Company, Mr. Joaquin M. Elizalde, Hon. R.J. Fernandez, Mr. Wenceslao Trinidad, Mr. Vicente Madrigal, Hon. Francisco Varona, Mr. Ramon Soriano, Hon. Vicente Singson Encarnacion, Hon. Rafael R. Alunan and Hon. Manuel Roxas.
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