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ADMINISTRATIVE ORDERS
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ADMINISTRATIVE ORDER NO. 16 -
TRANSFERRING THE FUNCTIONS OF THE GOVERNMENT CORPORATE MONITORING AND
COORDINATING COMMITTEE TO THE DEPARTMENT OF FINANCE AND FOR OTHER
PURPOSES
WHEREAS, the Government Corporate
Monitoring Committee established under Executive Order No. 936 dated
February 29, 1984, reconstituted as the Government Corporate Monitoring
and Coordinating Committee (GCMCC) under Memorandum Order No. 10 dated
May 19, 1986, further strengthened under Executive Order No. 236 dated
July 22, 1987 and Executive Order No. 55 dated February 8, 1993, and
implemented with the guidelines under Memorandum Circular No. 64 dated
August 16, 1993, was created to monitor, coordinate, and evaluate
principally the fiscal performance of government-owned or controlled
corporations (GOCCs);
WHEREAS, under the Administrative Code of 1987, the Department of
Finance is mandated to formulate long-range, medium-term and annual
plans covering the government's resource mobilization efforts, in
coordination with other concerned government agencies, and involving
all public sector resources whether generated by revenues and
operations, foreign and domestic borrowing, sale or privatization of
corporations or assets, or from other sources, and to supervise the
implementation of such plans;
WHEREAS, under the Administrative Code of 1987, the Department of
Finance is further mandated to review and coordinate the policies,
plans and programs of government financial institutions and thereafter,
recommend courses of action consistent with the government's fiscal
policies, plans and programs;
WHEREAS, to eliminate redundancies and focus responsibility, there is a
need to abolish the GCMCC and transfer its functions to the Department
of Finance;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, hereby
order:
Section 1.
Sec. 2.
Accordingly, the functions of the GCMCC as provided under Executive
Order No. 936 dated February 29, 1984, Memorandum Circular No. 10 dated
May 19, 1986, Executive Order No. 236 dated July 22, 1987,
Administrative Order No. 59 dated February 16, 1988, Memorandum Order
No. 266 dated November 28, 1989, Memorandum Order No. 320 dated
September 21, 1990, and Memorandum Circular No. 64 dated August 16,
1993 implementing Executive Order No. 55 dated February 8, 1993, shall
hereafter be performed by the Department of Finance.
Within sixty (60) days from the effectivity of this Administrative
Order, the Department of Finance shall review, revise, and consolidate,
as may be appropriate, all Presidential issuances regarding the GCMCC
and submit the same to the President for approval. As approved, the
consolidated functions pertaining to the abolished GCMCC shall
thereafter be performed by the Department of Finance.
Sec. 3.
All funds, appropriations, records, documents, facilities, equipment
and other assets of the current GCMCC shall be transferred to the
secretariat and staff support at the Department of Finance.
The secretariat and staff support may be augmented as necessary by
personnel of the Department of Finance on part-time or full-time
detail. The members of the secretariat and staff support on detail
shall not receive additional compensation by virtue of their function
as such.
Sec. 4.
The Department of Finance shall regularly update the formal list of
GOCCs subject to its mandate for the approval of the President. The
President shall make the final determination of which GOCCs are subject
to the mandate of the Department of Finance. For continuity, the
current list of GOCCs under the GCMCC shall hereafter be subject to the
same mandate under the Department of Finance.
All departments of government, to which a GOCC is attached, shall
immediately provide the Department of Finance with a list of the GOCCs
so attached.
Sec. 5.
Sec. 6.
Sec. 7.
The respective departments or other supervising or oversight bodies of
the government to which a GOCC reports may likewise recommend to the
Department of Finance such actions relative to a GOCC's performance as
they deem necessary.
Sec. 8.
This Administrative Order takes effect immediately.
DONE in Manila, this 21st day
of August, in the year of our Lord, Two Thousand and One.
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