Preamble
WHEREAS, the barangays have time and again served as dependable government units at the grassroots level thru which the people express their collective decision on issues affecting the community; WHEREAS, the barangays in concerted action have ably demonstrated their capacity to act as effective agents of reforms and vital forces in the political, economic, social and cultural development of the nation; WHEREAS, to strengthen the barangays and accelerate the transformation of local governments into self-reliant and progressive communities, it is necessary to provide them with added financial resources; 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: