WHEREAS, following extensive public hearings in the
national, regional and sectoral levels on a proposed Five-Year Social and
Economic Development Plan for 1978 to 1982, a Ten-Year Development Plan for 1978
to 1987 and a Long-Term Development Plan up to the year 2000, the drafts of the
aforesaid Plans were submitted for consideration to the Batasang Bayan during
its session on August 27, 1977;
WHEREAS, after due deliberation thereon, the Batasang Bayan
in its Resolution No.68, dated August 27, 1977, resolved to give the National
Government through the National Economic and Development Authority (NEDA) a vote
of confidence to finalize the above-mentioned Plans and to recommend to the
President the approval thereof provided that the Plans should place
continued emphasis on self-reliance in basic needs, rural development and
agrarian reform, expansion of industry including tourism, accelerated
investments in economic and social infrastructure projects such as power,
transport, irrigation and water supply, communication, education, hospital and
health care, housing and other forms of social services and, in general on
improving the quality of life of the people;
WHEREAS, the Plans have been finalized and their substantive
thrust follows the guidelines indicated by the Batasang Bayan, in that
particular attention has devoted to rural development, self-reliance, national
resource management, environment sanitation and, above all, social justice;
WHEREAS, the Cabinet Committee created to prepare, review
and evaluate the draft plans has accordingly recommended the approval of the
same, during its meeting on September 15,1977;
WHEREAS, it is also essential to imbue the Plans with the
flexibility necessary to meet unexpected developments arising from the present
uncertain condition of the world economy and to designate the institutional
mechanism to effectuate that flexibility in the Plans;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Republic of the Philippines, by virtue of the powers vested in me by the
Constitution, and in accordance with the recommendation of the Batasang Bayan
duly assembled as representative of the people, do hereby order and decree: