ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Search for
www.chanrobles.com
:
LETTER OF INSTRUCTIONS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
|
|
LETTER OF INSTRUCTIONS NO. 1408 -
DIRECTING STRICTER ECONOMY MEASURES AND IMPROVED FUNDS CONTROL |
WHEREAS, economy measures directed
by Letter of Implementation No. 146 need to be implemented strictly to
achieve fiscal performance targets; WHEREAS, revenues are not expected to increase significantly, requiring that expenditure outlays be strictly controlled consistent with approved priorities for improved public service and for the achievement of national development goals; WHEREAS, there is need to assure effective utilization of budgetary funds and thereby avoid waste and unnecessary expenditures for non-priority items; and WHEREAS, improved management and efficient procedure measures are essential to achieve economy objectives; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, do hereby order and instruct that the following specific measures be adopted to effect better management of budgetary cash resources; 1.
The total amount of treasury warrants and Treasury
Checking Accounts of Agencies (TCAA) checks to be issued any agency
during a particular month shall not exceed one third of the Cash
Disbursement Ceilings (CDC) issued effective in the same quarter.
These instructions shall apply to all Ministries Bureaus, Offices, and Agencies of National Government, including state universities and colleges and government owned controlled corporations. The governing boards of government corporations shall review their respective budgets and shall adopt measures consistent with these Instructions. These Instructions shall take effect immediately. Done in the City of Manila, this 9th day of May, in the year of Our Lord, nineteen hundred and eighty-four. chanrobles virtual law library Back to Main Since 19.07.98.
|