Preamble
WHEREAS, the growth of the economy and the necessary expansion of government operations call for the effective and efficient management and utilization of available resources to meet targeted goals;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; 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: