Senator Imee Marcos on Tuesday highlighted the need for the newly established Department of Economy, Planning and Development (DEPDev) to take the reins in crafting the 2026 national budget, emphasizing the need for long-term, data-driven economic planning.
Formerly known as the National Economic and Development Authority (NEDA), DEPDev was formally established through Republic Act 12145 and was unveiled to the public on May 22.
Marcos, among the law’s principal authors, said the agency’s enhanced mandate is a crucial step toward refocusing national budgeting and development priorities.
“With this law, we hope to restore DEPDev as the lead agency in shaping the nation’s economic future,” she said in a news release. “It should no longer be sidelined but must now take center stage in budget planning and economic strategy.”
Marcos said DEPDev’s role should extend beyond setting macroeconomic assumptions, noting that it should be a core player in designing how national funds are allocated to meet long-term goals and address genuine development needs.
She also cautioned against the continued dominance of short-term relief programs in the budget, such as the Ayuda para sa Kapos ang Kita Program (AKAP), Assistance to Individuals in Crisis Situation (AICS), and the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD).
“DEPDev should ensure that the 2026 budget moves away from temporary relief programs and instead focus on structural reforms that can deliver real, lasting progress,” she added. (PNA)
