Council composition and membership rules
- The Council is composed of twenty (20) members.
- The President serves as Chairman of the Council.
- The Vice President, the President of the Senate, and the Speaker of the House of Representatives serve as members.
- The Council includes seven (7) members of the Cabinet designated by the President.
- The Council includes three (3) members of the Senate designated by the President of the Senate.
- The Council includes three (3) members of the House of Representatives designated by the Speaker of the House of Representatives, at least one (1) coming from the dominant minority party.
- The President appoints the following: a representative of the local government units, a representative of the youth, and a representative of the private sector from any or a combination of business cooperatives, agriculture, and labor.
- Membership of legislators extends their legislative functions, and Cabinet members serve in an ex officio capacity.
- Government officials serving on the Council serve without any additional emoluments, allowances, or pay by virtue of and in connection with their elected or appointed positions.
- The Council may form its own subcommittees as needed and may call on any government agency or resource persons for assistance.
Council functions and advisory role
- The Council serves as a consultative and advisory body to the President as the head of the national economic and planning agency.
- The Council provides further consultations and advice on programs and policies essential to the realization of the goals of the national economy through the following functions:
- Determine and recommend socio-economic development goals that guide the formulation and implementation of the national development plan.
- Provide policy advice to the President on vital issues affecting the socio-economic development of the country.
- Direct the study of measures to ensure that regional development plans and programs are integrated into the national development plan.
- Receive, and in appropriate cases, require reports on, and study measures to improve the implementation of official development assistance from multilateral and bilateral entities.
- Assess the effectiveness of implementation of the national development plan.
- Integrate environmental concepts, principles, and practices into the national development plan for a balanced and cohesive approach to national development.
- Review the relationship of the legislative agenda to the national development plan to ensure integration of both.
- Study and recommend to the President and to Congress sources of revenue and measures to reduce unnecessary expenditures so that government resources are used to the optimum.
- The Council is positioned to ensure coordination consistency between executive development planning and congressional budgeting.
Secretariat and staffing support
- The Council has the National Economic and Development Authority secretariat as its principal secretariat.
- The principal secretariat provides staff support to the Council.
- Staff support is assisted by personnel from the Presidential Management Staff and the economic planning staff of both the Senate and the House of Representatives.
Meetings, scheduling, and notification
- The Council meets at least once every quarter.
- The Chairman may convene special meetings as necessary.
- Members are notified of any meeting in advance.
- The first meeting of the Council takes place within one (1) month from the effectivity of the Act, at a time and place designated by the Chairman.
Priority concerns and reporting duties
- The Council gives special attention to measures that:
- Involve concerned private sector, relevant non-government groups, and people’s organizations in economic planning by national agencies and regional, provincial, and other local development councils, including monitoring implementation of development projects.
- Bring about effective integration of priority development programs and projects proposed by regional, provincial, and other local development councils into the national development plan, within national budget constraints.
- Accelerate the study and formulation of projects and programs answering priority needs of the people for livelihood and social services that may be funded from national revenues and/or grants and concessional loans from external sources.
- Hasten utilization of grants and concessional loans for priority development projects and programs while improving the efficiency of project implementation.
- Recommend measures strengthening mechanisms for monitoring implementation of development projects and programs and promoting efficiency of execution and timeliness of completion.
- After every meeting, the Council renders reports to all Senators and Congressmen who are not members of the Council, particularly on progress and action taken on the priority concerns under Section 6.
Implementing rules and appropriation
- Within sixty (60) days from the approval of the Act, the Council promulgates all necessary rules and regulations to carry out the provisions of the Act.
- For the Fiscal Year 1993, the amount of Three million pesos (P3,000,000.00) is authorized out of the funds of the National Treasury not otherwise appropriated for the Council’s operating and capital expenditures.
- Thereafter, necessary appropriations are provided in the annual General Appropriations Act.
Effectivity, separability, and repeal
- If any provision is declared unconstitutional, the other provisions not so declared and affected remain in force and effect under the separability rule.
- All laws and executive orders inconsistent with the Act are repealed or amended accordingly.
- The Act takes effect fifteen (15) days after its publication in the Official Gazette.
- Approval date: December 9, 1992.