ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC GROWTH

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which government agency is in charge of developing and coordinating the Philippine Development Plan?

A	National Economic Development Authority
B	Department of Public Works and Highways
C	Department of Trade and Industry
D	None of the above

Explanation:

Detailed explanation-1: -The National Economic Development Authority (NEDA) Created as the government’s central planning body, the NEDA leads the planning, programming, and creation of projects related to the economic and social development of the Philippines.

Detailed explanation-2: -At the beginning of each Administration, the National Economic and Development Authority (NEDA) steers and coordinates the consultative process and preparation of a new medium-term Philippine Development Plan (PDP). The PDP serves as the government’s overall guide in development planning for six years.

Detailed explanation-3: -Philippine Development Plan (PDP) 2023-2028 The PDP 2023-2028 is a plan for deep economic and social transformation to reinvigorate job creation and accelerate poverty reduction by steering the economy back on a high-growth path.

Detailed explanation-4: -Philippine Statistics Authority (PSA) Philippine Statistical Research and Training Institute (PSRTI) Philippine Institute for Development Studies (PIDS)

There is 1 question to complete.