00:00President Ferdinand R. Marquez, Jr. also strengthened the Regional Development Council of the country.
00:05It is under the auspices of the Executive Order No. 82,
00:09which will make the country's economy stronger and faster.
00:12Under this, the RDCs are regulated as the highest planning and policy-making body
00:18for the socio-economic development of the regions.
00:20The RDCs are formed by governors, mayors,
00:24representatives from the private sector,
00:25and other government officials.
00:27Each RDC will have an Executive Committee to speed up the decisions.
00:32The role of the private sector representatives from different sectors
00:37such as agriculture, infrastructure, and energy is also clarified.
00:41The Regional Investment Programming was also strengthened
00:44and regulated by the National Economic and Development Authority
00:47and the Department of Budget and Management
00:49to ensure proper funding for regional development programs.
00:54Projects and programs approved by the RDCs were also prioritized by government agencies.
01:00The initial RDCs funds will come from NEDA and DBM
01:04and the following years will be included in the national budget.
