President Rodrigo Duterte will convene a Legislative-Executive Development Advisory Council (LEDAC) summit to discuss priority measures that aim to boost the economy, Socioeconomic Planning Secretary Ernesto Pernia said Tuesday.
Pernia said convening the LEDAC is necessary because many of the proposed reforms will be introduced through laws.
“This has been dormant in the previous administration so we are revitalizing and getting it active again. The LEDAC is scheduled to convene in September or October,” Pernia, who is also the National Economic and Development Authority director general, told reporters.
The LEDAC, which is chaired by Duterte, is a consultative and advisory body that studies programs and policies essential in the attainment of the administration’s economic goals.
During the administration of President Benigno Aquino 3rd, the LEDAC met only twice despite a law that mandates the council to meet at least once every quarter.
Pernia said Duterte’s economic team plans to submit a legislative agenda focused on economic policies to the LEDAC.
One of the proposals is the creation of a “superbody” that will manage the country’s water resources.
“The following will be submitted to the LEDAC: the creation of an apex or super body for the water resources sector, proposed to be the Water Resources Department or Authority; secondly, the creation of an independent economic and financial regulator for the water sector,” Pernia said.
He said Duterte’s economic team also wants amendments to the Build-Operate-Transfer law and its Internal Rules and Regulations.
“This has to do with hurdling the right of way problems, procurement and other implementation problems that tend to stymie the rapid processing of projects and implementation of projects,” Pernia explained.
They will also propose to the LEDAC amendments to the Electric Power Industry Reform Act or EPIRA which was supposed to reform the power sector, and the 40-year-old Water Code of the Philippines. CATHERINE S. VALENTE