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[ LETTER OF IMPLEMENTATION NO. 111, December 31, 1979 ]
ADOPTING A PROGRAM OF REVENUE GENERATION AND EXPENDITURE FOR THE NATIONAL GOVERNMENT, COVERING CALENDAR YEAR 1980
WHEREAS, the effective conduct of government activities requires the determination of agency work targets and the commensurate level of funding support; and
WHEREAS, available funding for individual programs and projects has to be apportioned among the various objects of expenditure, relating agency work targets to estimated costs;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby order and direct:
1. The implementation of the budgetary programs and projects the agency objectives and functions, the accomplishment targets, and the program of revenue generation and expenditure, of the National Government, for the year nineteen hundred and eighty as embodied in this Document, subject to the provisions of existing law, particularly P.D. No. 1177 and Batas Pambansa Big. 40.
2. The Development Budget Coordination Committee to evaluate and recommend such measures as may be necessary to attain the levels of revenue, expenditure and debt necessary to meet development targets in the context of price level, domestic credit and Balance of Payments objectives.
3. All agencies to exert their utmost in complying with the accomplishment and unit cost targets indicated in this Document, so as to achieve desired results with maximum efficiency, economy and effectiveness.
Done in the City of Manila, this 31st day of December, nineteen hundred and seventy-nine.
(SGD.) FERDINAND E. MARCOS
President of the Philippines
By the President:
(SGD.) JUAN C. TUVERA
Presidential Assistant