Senator Sherwin T. Gatchalian said on Saturday he would push for the passage of a measure institutionalizing the National Economic and Development Authority (NEDA) in the coming 18th Congress.
Gatchalian, chairman of the Senate economic affairs committee in the 17th Congress, said his measure Senate Bill 169, seeks to empower NEDA to play a more important role in steering government policies to solve the country’s most pressing socio-economic concerns.
The Gatchalian bill provides for the creation of two distinct but functionally related entities, namely the NEDA, which formulates plans and programs; and the National Economic and Development Board, which directs the formulation and implementation of policies and strategies that would promote economic development.
“Distressed communities will thus be empowered to revitalize, expand, and upgrade their physical infrastructures to attract new industries, encourage business expansion in the countryside, diversify local economics, and generate or retain long-term private sector jobs and investments,” he explained. The bill proposed also seeks to institutionalize the so-called “Planning Call” that will ensure a timely and coordinated planning process.
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