Menu
Home
People
Places
Arts
History
Plants & Animals
Science
Life & Culture
Technology
Reference.org
Department of Economy, Planning, and Development
open-in-new
<p>The Department of Economy, Planning, and Development is the <a href="/facts/Executive_departments_of_the_Philippines/cNY8We54">executive department</a> of the <a href="/facts/Philippine_government/puISq0Uj">Philippine government</a> responsible for national and regional <a href="/facts/Economic_policy/YR2FJ8L4">economic policy</a>, <a href="/facts/Economic_development/4KRrMBaM">development</a>, <a href="/facts/Monitoring_and_evaluation/ARflJx9b">monitoring</a>, and <a href="/facts/Economic_planning/VcyWUNuU">planning</a>. DEPDev also oversees the planning and approval of large-scale government projects, assists the <a href="/facts/Department_of_Budget_and_Management/vNsRBGXQ">Department of Budget and Management</a> in the crafting of the annual General Appropriations Act, oversees bilateral, regional, and multilateral trade policies and negotiations, and establishes frameworks on the use of land and natural resources in the country. </p><p>DEPDev was formed through the reorganization of the National Economic and Development Authority (NEDA) by Republic Act No. 12145, which transformed the independent agency into an executive department in the <a href="/facts/Cabinet_of_the_Philippines/E8noDmg8">Cabinet</a>. </p><p>The department is currently headed by Secretary <a href="/facts/Arsenio_Balisacan/SBxs7A8z">Arsenio Balisacan</a>, who formerly served as the director of the NEDA from June 30, 2022, until the creation of DEPDev. </p>