Finance Secretary Ralph G. Recto (L ) and World Economic Forum President Borge Brende (3rd from L ) answer questions during the economic briefing for the World Economic Forum (WEF) Country Roundtable in Manila at the Kalayaan Hall in Malacanang in Manila on March 19, 2024. Also at the briefing are Special Assistant to the President for Investment and Economic Affairs Frederick D. Go (2nd from L) and National Economic and Development Authority Secretary Arsenio M. Balisacan (Far R ). PPA/Pool, Jonathan Cellona.

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MANILA - The National Economic and Development Authority on Friday again pushed for the creation of the an institutionalized Department of Economy, Planning, and Development (DEPDEV).NEDA Secretary Arsenio Balisacan creating the DEPDEV would strengthen the agency’s capacities to support the Philippine Development Plan. Balisacan earlier told a Senate hearing that the reorganization of NEDA into a department would help address issues such as the inconsistency of public policies; misalignment between national and regional plans; limited linkages among planning, investment programming, budgeting, monitoring &amp; evaluation, and feedback to planning; and the lack of continuity of plans and programs. The NEDA chief said the move to become a full-fledged department will institutionalize the monitoring and evaluation of priority programs, activities, and projects (PAPs) by government units across the country, regardless of the priorities of the current administration. “Evaluation is also one that we are trying to strengthen because we really don’t have a systematic process of seeing whether the projects that are being supported are working or not, are achieving their objectives or not… That’s a major feature we want to do here so that we can ensure that the projects being funded by the people’s money are actually achieving their objectives,” said Balisacan.

NEDA Secretary Arsenio Balisacan creating the DEPDEV would strengthen the agency’s capacities to support the Philippine Development Plan.

NEDA Secretary Arsenio Balisacan creating the DEPDEV would strengthen the agency’s capacities to support the Philippine Development Plan.

NEDA again bats for Department of Economics | ABS-CBN

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NEDA again bats for Department of Economics

NEDA again bats for Department of Economics

ABS-CBN News

Published Aug 02, 2024 07:22 PM PHT

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