Source: www.officialgazette.gov.ph
The Special Committee on Government Investments shall have the following duties and responsibilities:
The Secretary of Finance
Chairman
The Auditor General or his Representative
Member
The Secretary of Justice or his Representative
Member
The Governor of the Central Bank or his Representative
Member
The Administrator, Office of Economic Coordination or his Representative
Member
The Chairman of the National Economic Council or his Representative
Member
The Director-General, Presidential Economic Staff or his Representative
Member
The Chairman, Development Bank of the Philippines, or his Representative
Member
The General Manager, Government Service Insurance System, or his Representative
Member
The President, Philippine National Bank or his Representative
Member
The Presidential Economic Staff shall act as the Secretariat of the Special Committee and shall render the necessary staff support and technical assistance.
- To study, analyze, and determine the actual financial conditions and capital requirements of government corporations and instrumentalities and to recommend remedial measures necessary therefor;
- To study and recommend appropriate policies applicable uniformly to the different general classes of government corporations and instrumentalities;
- To determine the propriety of disposing of all or any part of the assets or stocks of any government corporation or instrumentality, and to formulate and recommend policies relating to such disposition, including such guidelines, safeguards and procedures as shall be observed in the event of dispositions, dissolution or liquidation;
- Generally, to coordinate the investment policies of all government financial institutions for the purpose of attaining maximum use of available resources; and particularly, to undertake periodic analysis and review of the investment portfolios of these financial institutions with a view to shaping them into an integrated annual program of capital transfer;
- To study and recommend reorganization measures for government corporations and instrumentalities in order to gear their administrative machinery to the requirements of economic development; and
- To recommend measures, both administrative and legislative, designed, to attain fully the objective herein set forth.