NEDA-X

NEDA traces its beginnings to the creation of its forerunner, the National Economic Council (NEC), under Commonwealth Act No. 2 that was approved by the National Assembly on 23 December 1935. The NEC’s principal mandate was to advise the national government on the formulation and adoption of a State economic program based on the policy of national independence. The Finance Secretary at that time was appointed the acting Chairman. In 1943, during the Second World War, while the country was under Japanese occupation, a National Planning Board was created under Executive Order No. 1, but this was replaced by the Economic Planning Board created under EO No. 46 of 1944, tasked to recommend measures for the economic development.