Question & AnswerQ&A (EXECUTIVE ORDER NO. 49)
The Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) is created in the Office of the President.
The OSAPIEA is headed by the Special Assistant to the President for Investment and Economic Affairs (SAPIEA), who is appointed by the President and holds the rank of Secretary.
The SAPIEA assists the President by providing strategic advice on economic matters, identifies priority programs in coordination with the Economic Development Group, coordinates and monitors the progress of priority initiatives, ensures timely execution and impact monitoring of economic programs, pursues the President's investment and economic agenda, and performs other functions as directed by the President.
The SAPIEA holds the rank of Secretary.
The SAPIEA serves as the Chairperson of the EDG, supervising and monitoring member agencies to ensure effective and efficient implementation of priority initiatives and programs.
The Secretaries of the National Economic and Development Authority (NEDA) and the Department of Finance (DOF) serve as Vice Chairpersons of the EDG.
The SAPIEA sits as a member of the Investment Coordination Committee (ICC), Social Development Committee (SDC), Committee on Infrastructure (INFRACOM), and Development Budget Coordination Committee (DBCC).
The President has the authority to reorganize the Office of the President under Section 31, Chapter 10, Title III of EO No. 292, and can create new offices under Section 92 of the General Provisions of Republic Act No. 11936, the General Appropriations Act for fiscal year 2023.
Funds necessary for implementing EO No. 49 are charged against appropriate sources under the Office of the President, following relevant budgeting, accounting, and auditing rules. Subsequent funding is included in the budget proposal of the Office of the President.
Heads of member-agencies of the EDG and their attached agencies are directed to provide full and timely assistance and cooperation to OSAPIEA, including providing necessary information and data to fulfill its mandates.