Presidential Decree No. 1382 (PD 1382) — Creating a Consulting Group in the Office of the Secretary of Finance and Appropriating Funds Therefor.
WHEREAS, the Secretary of Finance has key involvement as
Representative of the Republic of the Philippines in international financial
institutions like the International Monetary Fund, World Bank, Asian Development
Bank, and other international bodies;
WHEREAS, in facing the many financial problems of
development, the Philippines will require external financing for some time to
come, and solutions would hinge on the cooperative efforts that the financial
authorities, led by the Secretary of Finance, will exert to develop and enhance
the credit worthiness of the country;
WHEREAS, in order to meet the requirements of international
lending institutions in contemplated loan negotiations to be undertaken by the
Secretary of Finance, it is important to determine and identify some of the
problems of government and government-controlled corporations which may from
time to time be in need of financial assistance so they can be systematically
integrated into the overall framework of the borrowing program of the
Government;
WHEREAS, the Secretary of Finance, in order to be able to
secure the necessary data and information from government and
government-controlled corporations, and from whatever source, as well as
determine their liquidity and viability, must of necessity be provided with
highly qualified technical assistance and support;
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:
SECTION 1. Creation: Functions. There is hereby
created in the Department of Finance a Consulting Group which shall have the
following functions:
To assist or represent the Secretary of Finance in international bodies such
as the IMF, World Bank, ADB, UNCTAD, and other international bodies;
To look into the financial operations of government and
government-controlled corporations which may be in need of financial assistance;
To formulate and recommed international financial policies that have general
significance to the economy;
To conduct researches on policies and programs with regard to bilateral and
multilateral development assistance;
To perform such other special functions which the Secretary of Finance may
assign from time to time.
SEC. 2. Composition and Compensation. The
Consulting Group shall be composed of highly trained technical men and
specialists with sufficient experience in the field of international finance
development as well as in financial operations of government and
government-controlled corporations to be hired by the Secretary of Finance on
contractual basis.
Any provision of law to the contrary notwithstanding the hiring of
specialists and consultants as well as appointment to positions created under
Section 3 hereof shall be exempt from the requirements and restrictions of the
Civil Service Law, rules and regulations and those of the Office of Compensation
and Position Classification (OCPC).
SEC. 4. Transportation and Representation
Allowances. Any provision of law to the contrary notwithstanding all
consultants and specialists on contractual basis and such technical personnel
duly appointed by the Secretary as the needs of the service may require shall be
granted commutable transportation and representation allowances at rate to be
fixed by the Secretary of Finance.
SEC. 5. Relationship with Other Entities. The
Consulting Group, shall, in the furtherance of its functions and duties,
cooperate and coordinate with government and private entities as well as
international organizations involved in activities related to its functions.
SEC. 6. Appropriations. To carry out the functions
of the group herein created, there is hereby appropriated the sum of Nine
Hundred Thousand Pesos (P900,000.00) out of any funds in the National Treasury
not otherwise appropriated. The same amount or such amount as shall be needed
shall be included in the Annual General Appropriation Decree for the continued
operation of the group.
SEC. 7. Repealing Clause. Any provision of law,
decree, order, rules or regulations contrary to or inconsistent herewith are
hereby repealed, revised or amended accordingly.
SEC. 8. Effectivity. This Decree shall take effect
immediately.
Done in the City of Manila, this 25th day of May, in the year of Our Lord
nineteen hundred and seventy-eight.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JACOBO C. CLAVE
Presidential Executive
Assistant
SEC. 3. Consultants and Exports. The Secretary of
Finance is hereby authorized to create positions as may be needed, or contract
or hire individuals, or enter into contracts with organizations of recognized
competence in the field of development finance: Provided, That
contracts for the services of an expert or consultant shall not exceed the sum
of Four Thousand Pesos (P4,000.00) per month.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
