CREATING THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY

• Number: Presidential Decree No. 107
• Sections: 6

Preamble

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;

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;

WHEREAS, the country being under martial 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 power;

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 and Development

Authority as provided for in the approved Integrated Reorganization Plan

and amended/implemented by presidential decrees and letters of

implementation may serve as the nucleus of the body contemplated in the

new Constitution;

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:

Section 1

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 at the pleasure of the President.

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

SEC. 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

SEC. 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 and

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

SEC. 4. The existing National Economic and Development

Authority shall serve as nucleus of, and be absorbed by, the National

Economic and Development Authority herein created.

Section 5

SEC. 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.

Done in the City of Manila, this 24th day of January, in the

year of Our Lord, nineteen hundred and seventy-three.

(Sgd.) FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.) ALEJANDRO MELCHOR

Executive Secretary