The National Economic and Development Authority (NEDA) unveiled its logo as the reorganized Department of Economy, Planning and Development (DEPDev).
DEPDev said its reorganization makes it better equipped to ensure policy continuity through long-term strategic planning and foresight.
It said this would bring about “comprehensive planning, coordination, and implementation of policies that will uplift every Filipino.”
President Ferdinand Marcos Jr. signed Republic Act No. 12145 creating DEPDev.
“Today, we celebrate a significant milestone in our nation’s journey toward inclusive and sustainable progress,” DEPDev said.
It said the reorganization strengthens its mandate, institutional independence and capacity as the country’s primary policy, planning, coordinating, and monitoring arm of the Executive branch on the national economy.
Tracing its roots back to the National Economic Council established in 1935, NEDA has evolved significantly.
Over the years, it has expanded its role to include oversight of numerous interagency bodies and councils, in addition to its central mandate in policy formulation, development planning, investment programming, and monitoring and evaluation, DEPDev said.
“With its transformation into a full-fledged executive department, DEPDev is now better equipped to ensure policy continuity and coherence through long-term strategic planning and foresight. This enhanced capability will drive comprehensive planning, coordination, and implementation of policies that will uplift every Filipino,” it said.
“As we embrace this change, we look forward to a more prosperous and equitable Philippines. Together, let’s support DEPDev in its mission to build a better tomorrow for all,” it said.
