Marcos signs RA 12145 transforming NEDA to DEPDev

President Ferdinand Marcos Jr. signed Republic Act No. 12145 on Thursday, April 10, transforming the National Economic and Development Authority (NEDA) into the Department of Economy, Planning, and Development (DEPDev).

The new law enhances DEPDev's mandate as the country’s primary policy planner and coordinator for economic governance, empowering it to craft long-, medium-, and short-term development plans.

Secretary Arsenio Balisacan emphasized that this transformation commits to a future-ready system for economic governance, aiming for sustained and inclusive growth, and will establish regional offices in each region except Metro Manila and the Bangsamoro Autonomous Region in Muslim Mindanao.

DEPDev is tasked with evaluating public investment programs, major capital projects, and issuing planning instruments such as the Philippine Development Plan, Regional Development Plans, and the Public Investment Program.

The law also reconstitutes the NEDA Board into the Economy and Development Council (ED Council), chaired by the President, to oversee economic development, infrastructure, social services, tariffs, and land use.