Preamble
WHEREAS, the National Budget should Reflect the total national fiscal position, provide.for the regionalization of expenditures, and in other respects be more, supportive of agency organization and activities; and WHEREAS, there is a need to update budgetary law and procedure to enable the budget to more fully support governmental programs for economic and social advancement; and WHEREAS, the budget reporting and monitoring process can be improved through the adoption and consistent application of a management information system; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: