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PRESIDENTIAL DECREE NO. 107
PRESIDENTIAL DECREE NO. 107 -
CREATING THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY
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WHEREAS, the new Constitution of the
Republic of the Philippines provides for the establishment of a
National Economic and Development Authority, which shall recommend to
the National Assembly, after consultation with the private sector,
local government units and other appropriate public agencies,
continuing, coordinated and fully integrated social and economic plans
and programs;chanroblesvirtualawlibrary
WHEREAS, the interim National Assembly, which under the new
Constitution, has the same powers as the regular National Assembly, is,
in obedience to popular mandate as expressed in the recent national
referendum on the new Constitution, not being convened as announced in
Proclamation No. 1103 dated January 17, 1973;chanroblesvirtualawlibrary
WHEREAS, the country being under martial law rule, the continuance of
which was declared in Proclamation No. 1104 dated January 17, 1973, in
accordance with the needs of the time and the desire of the people, the
President exercises legislative powers.
WHEREAS, in pursuance of the goals of promoting the economic and social
development and stability of the country, there is need for the
immediate creation and activation of the National Economic and
Development Authority; and
WHEREAS, the existing National Economic Development Authority as
provided for in the approved Integrated Reorganization Plan and
amended/implemented by the presidential decrees and letters of
implementation may serve as the nucleus of the body contemplated in the
new Constitution;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines and
pursuant to Proclamation No. 1081 dated September 21, 1972, and General
Order No. 1 dated September 22, 1972, do hereby order and decree:cralaw:red
Section 1. There is hereby created a National
Economic and Development Authority to be composed of the President as
Chairman, the Executive Secretary, Director General of the Authority,
Secretary of Finance, Secretary of Agriculture and Natural Resources,
Secretary of Trade and Tourism, Secretary of Public Works,
Transportation and Communications, Secretary of Labor, the Secretary of
Education and Culture, Governor of the Central Bank, Commissioner of
the Budget and Chairman of the Board of Investments as members, and who
shall hold office of the pleasure of the President. chanroblesvirtualawlibrary
The Authority may, in the discharge of its duties and functions, call
upon any private person or representative of the private sector for
such views or advice as may be pertinent to any matter under its
consideration.
Section 2. The Authority, after consultation with the
private sector, local government units and other appropriate public
agencies, shall submit continuing, coordinated and fully integrated
social and economic plans and programs.
Section 3. The Authority, apart from its powers and
functions under the Constitution, is also vested with the same powers
and functions as those provided for the National Economic Development
Authority in the approved Integrated Reorganization Plan and such other
functions as may be provided in implementing presidential decrees or
orders to the extent that the same may not be incompatible or in
conflict with the constitutional mandate.
Section 4. The existing National Economic Development
Authority shall serve as nucleus of, and be absorbed by, the National
Economic and Development Authority herein created. chanroblesvirtualawlibrary
Section 5. The Authority shall submit to the
President the requisite coordinated and integrated plans within a
period of six (6) months from the date of issuance of this Decree.
This Decree is hereby made part of the law of the land and shall take
effect immediately. chanroblesvirtualawlibrary
Done in the City of Manila,
this 24th day of January, in the year of Our Lord, nineteen hundred and
seventy-three.
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