Saturday, March 14, 2009

The National Economic and Development Authority (NEDA)
As mandated by the Philippine Constitution, is the country’s independent economic development and planning agency. It is headed by the President as chairman of the NEDA board, with the Secretary of Socio-Economic Planning, concurrently NEDA Director-General, as vice-chairman. Several Cabinet members, the Central Bank Governor, ARMM and ULAP are likewise members of the NEDA Board.

The powers and functions of the NEDA reside in the NEDA Board. It is the country's premier social and economic development planning and policy coordinating body.
The Board is composed of the President as chairman, the Secretary of Socio-Economic Planning and NEDA Director-General as vice-chairman, and the following as members: the Executive Secretary and the Secretaries of Finance, Trade and Industry, Agriculture, Environment and Natural Resources, Public Works and Highways, Budget and Management, Labor and Employment, and Interior and Local Government.
Pursuant to Sec. 4 of EO 230, empowering the President to modify the membership of the Board whenever deemed necessary, the following members have been added:
The Secretaries of Health, Foreign Affairs, and Agrarian Reform (per Memorandum Order No. 164, dated 21 March 1988); the Secretary of Science and Technology (per Memorandum Order No. 235, dated 19 May 1989); and the Secretary of Transportation and Communications (per Memorandum Order No. 321, dated 26 September 1990). In addition, the Secretary of Energy (per R.A. No. 7638, approved Dec. 9, 1992) and the Deputy Governor of the Bangko Sentral ng Pilipinas (per Section 124 of R.A. No. 7653, approved June 14, 1993) have been added as members of the NEDA Board.

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