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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 86 - RESTORING
THE MINISTRY STATUS OF BUDGET AND MANAGEMENT
WHEREAS,
the Office of Budget and Management used to be a Ministry;
WHEREAS, the functions and operations of the Office of Budget and
Management are central to the basic activities of the national
government as well as the local government units and government-owned
or-controlled corporations;
WHEREAS, the budget is a vital instrument in the attainment of social,
political, economic and other government objectives as well as the
implementation of priority programs and projects;
WHEREAS, the Office of Budget and Management is involved not only in
the preparation and execution of the budget, but also in fiscal
planning, improvement of management and accounting systems and
procedures in the national, local and corporate level, and the
development and implementation of a progressive compensation system;
and
WHEREAS, to underscore and institutionalize the crucial role of the
Office of Budget and Management, it should be restored to a Ministry.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Republic of the
Philippines, do hereby direct:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Done in the City of Manila,
this 15th day of December in the year of Our Lord, Nineteen Hundred and
Eighty-Six.
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