From NEDA to DEPDev: Need for transformation

From NEDA to DEPDev: Need for transformation

Economic planning as the key to sustained national development has been boosted by the signing into law by President Marcos of Republic Act No. 12145 on April 10, 2025, that officially transformed the National Economic and Development Authority (NEDA) into the Department of Economy, Planning and Development (DEPDev).Beyond a change in name, the creation the DEPDev institutionalizes the crafting of a long-term national vision, along the lines of …

ZUBIRI LAUDS LAW TURNING NEDA INTO A DEPARTMENT

Senator Migz Zubiri hailed the signing of the Department of Economy, Planning, and Development (DEPDev) Act into law, calling it a “historic reform” that will redefine how the country plans and executes its national development goals. “Today we start a new era of development planning. The signing of the DEPDev Act marks the beginning of a more empowered and coordinated approach to economic growth and public investment,” Zubiri said. The new law,…