Law Summary
Legal Framework and Role of the National Economic and Development Authority (NEDA)
- Executive Order No. 292 (s. 1987), the Administrative Code of 1987, mandates socio-economic programs to be within consistent long, medium, and short-term development plans.
- NEDA is designated as the independent planning agency responsible for formulating social and economic policies, plans, and programs.
Regional Economic Context and Need for Long-Term Vision
- Asia is projected to become the global economic center by 2050.
- The Philippines requires a forward-looking, bold development vision that extends beyond political administrations to align with regional economic growth.
Centering Filipino Aspirations in Development Planning
- Development planning places Filipinos at the core, relying on knowledge of their aspirations.
- Nationwide consultations, including focus groups and surveys by NEDA, identified the Filipino vision for 2040 as a stable, comfortable lifestyle with security, ownership, freedom of movement, and good governance.
Adoption of the Twenty-Five-Year Long-Term Vision (Ambisyon Natin 2040)
- The government adopts Ambisyon Natin 2040 as the official long-term vision for the country.
- Vision includes becoming a prosperous, predominantly middle-class society with no poverty, long and healthy lives, intelligence and innovation, and a high-trust society.
Ambitious Long-Term Goals for Social and Economic Development
- The government aims to triple real per capita income and eradicate hunger and poverty by 2040 or earlier.
- Milestones will guide medium-term development plans.
Medium-Term Philippine Development Plans
- Four consecutive medium-term Philippine Development Plans (PDPs) will be developed and implemented until 2040.
- These PDPs will be aligned to the Ambisyon Natin 2040 and ensure sustainability and consistency of strategies, policies, programs, and projects across different political administrations.
Requirement for Consistency in Government Plans
- All government departments, offices, instrumentalities, government-owned or controlled corporations, and local government units must align their plans with Ambisyon Natin 2040.
Separability Clause
- If any provision is declared invalid or unconstitutional, the remaining provisions will remain effective.
Repeal of Conflicting Issuances
- Issuances, orders, rules, regulations, or parts inconsistent with this Executive Order are repealed or modified accordingly.
Effectivity
- The Executive Order takes effect immediately upon publication in a newspaper of general circulation.