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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 865 -
DIRECTING THE REASSESSMENT OF THE CAPITAL PROGRAM |
The Minister of Public Highways
The Minister of Public Works, Transportation
and Communications
The Minister of Finance
The Minister of the Budget
The Minister of Energy
All Heads of Government Owned or
Controlled Corporations
WHEREAS, it is expected that approved and anticipated increases in the price of imported oil will result in increasing the cost of the infrastructure program;
WHEREAS, the limited amount of resources require the reassessment of capital projects of government, with the aim of identifying those projects of highest priority that must continue despite anticipated cost increases;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby Order and Instruct:
MPWTC/MPH
2. The Committee shall prepare project lists and implementation schedules and cost estimates under alternative assumptions of funds availability, from the assumption that existing ceiling on the infrastructure program is maintained and for a feasible range of increased government budgetary deficit.
3. In its work, the Committee shall ensure that top priority is given to projects that support the following priorities: (a) food production, particularly on legumes and protein sources such as fish, beef, pork, poultry and chevron, and (b) electricity, water, transportation and other basic necessities.
Human
Settlements
4. The Minister of Human Settlements shall review the housing program with the aim of proposing measures to relieve the finances of the national government by shifting to the private sector part of the funding and implementation of projects such as the Bagong Lipunan Sites and Services (BLISS) and other housing and land development projects.
Energy
5. The requirements of an accelerated energy exploration and development program shall be estimated by the Minister of Energy, with an indication of the utilization of the Oil Industry Special Fund.
Other
Ministries
6. The Minister of the Budget, in coordination with the Ministry heads concerned, shall review the CY 1979 capital program agencies other than those within the MPWTC and MPH, including attached government owned or controlled corporations. The review shall be conducted for purposes of stopping all postponable capital projects, particularly buildings. Capital projects that have not been begun shall cease and ongoing projects shall be allowed to continue only to the minimum extent necessary to render them usable. Savings thus generated shall be used to support projects of utmost priority.
Fund
Releases
Deadline
Done in the City of Manila, this 23rd day of May, nineteen hundred and seventy-nine.
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Since 19.07.98.
