FURTHER AMENDING PRESIDENTIAL DECREE NO. 107 BY RECONSTITUTING THE MEMBERSHIP OF THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY

• Number: Presidential Decree No. 859
• Sections: 3

Preamble

WHEREAS, there is a need to further strengthen national

development planning by securing the involvement of other departments of

the government in the planning process;

WHEREAS, it is exigent to harness the diplomatic arm of the

government to enhance the attainment of national development objectives;

WHEREAS, the maintenance of peace and order is principally

enforced by the Department of National Defense, and is directly

contributory to a successful implementation of economic and development

plans, programs and projects;

WHEREAS, in the formulation of national development plans,

it is imperative also to secure the participation of the Department of

Industry which is the primary policy, planning and implementing entity

of the executive branch of the government in the development and

expansion of industry;

WHEREAS, to carry out the above objectives, it is necessary

to reconstitute the membership of the National Economic and Development

Authority (NEDA) by including therein the Secretary of National Defense

and the Secretary of Foreign Affairs, and substituting the Secretary of

Industry in lieu of the Chairman of the Board of Investments;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers vested in me by the Constitution,

do hereby decree the following as part of the law of the land:

Section 1

SECTION 1. Section 1 of Presidential Decree No. 107, as

amended, is hereby further amended to read as follows:

"SECTION 1. There is hereby created a National Economic

and Development Authority to be composed of the President of the

Philippines, as Chairman, and the Secretary of Economic Planning

(Director-General of the Authority), the Secretary of Finance, the

Secretary of Foreign Affairs, the Secretary of Agriculture, the

Secretary of Trade, the Secretary of Public Works, Transportation and

Communications, the Secretary of National Defense, the Secretary of

Labor, the Secretary of Education and Culture, the Secretary of

Industry, the Secretary of Natural Resources, the Secretary of Public

Highways, the Commissioner of the Budget and the Governor of the Central

Bank, 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 view or advice as may be pertinent to any matter under its

consideration."

Section 2

SEC. 2. This decree shall take effect

immediately.

Done in the City of Manila, this 23rd day of December, in the

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

(Sgd.)

FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.)

JACOBO C. CLAVE

Presidential Executive Assistant