WHEREAS,
the growth of the economy and the necessary expansion of government
operations call for the effective and efficient management utilization
of available resources to meet targeted goals;chanroblesvirtualawlibrary
WHEREAS, there is a need to upgrade the standards and practices in the
management of government finances and to emphasize the critical role of
the finance and management functions in the implementation of
government programs and projects;chanroblesvirtualawlibrary
WHEREAS, to achieve this, the department head must be assisted by a
ranking official capable of designing and implementing financial and
work plans that will achieve departmental and national development
objectives.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order the following: chanroblesvirtualawlibrary
Section 1. There shall be created in each Executed
Department whose annual budget exceeds P200 million, the position of
Assistant Secretary for Finance and Management which shall provide the
Secretary Advice and Assistance on financial, budgetary, accounting,
and management matters pertaining to the Department and the bureaus and
agencies under it; shall supervise the coordinated preparation and
implementation of annual and long-term financial and work plans and
budget estimates of these offices; shall conduct periodic
department-wide performance financial review; shall design and
implement, subject to approval and in coordination with other offices
concerned, improvements in financial management systems, procedures and
practices and shall coordinate with the Budget Commission, Department
of Finance, Commission on Audit and other agencies in ensuring the
government resources are effectively and efficiently used. chanroblesvirtualawlibrary
Section 2. In each Executive Department whose annual
budget exceeds P200 million and where there are two or more
Undersecretaries, the Secretary may assign these financial management
duties to one of the Undersecretaries or in his discretion appoint an
Assistant Secretary of Finance and Management as provided in this
Decree. In case where the incumbent of the position Chief, Financial
and Management Service is appointed Assistant Secretary for Finance and
Management, the Position Chief, Financial and Management Service shall
be abolished automatically.
Section 3. Except for those which are attached or
otherwise administered or supervised by a department, government-owned
or controlled corporations may create a position similar in function
and rank to the Assistant Secretary for Finance and Management, if such
is considered necessary by them.
Done in the City of Manila,
this 11th day of June, in the year of Our Lord, nineteen hundred and
seventy-eight.
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