Preamble
WHEREAS, the country's continuing and accelerated efforts at national development require an adequate research base for planning and policy formulation; WHEREAS, more rapid national development further demands a steady and expanding supply of economic technicians both within and outside government who are specialists in various areas of technical work; WHEREAS, a continuing interaction between government officials and academic research workers is mutually beneficial and in the interest of national development; WHEREAS, to meet the above-mentioned demands it is necessary to provide adequate financial support so that existing programs for the development of qualified manpower and research on economic development can be strengthened, improved, and expanded; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in ma by the Constitution, do hereby decree and order the following to be part of the law of the land;