Question & AnswerQ&A (EXECUTIVE ORDER NO. 193)
The main purpose of Executive Order No. 193 is to constitute the Economic Coordinating Council (ECC) to ensure quick and coordinated action on economic policies and programs, particularly to sustain growth and address urgent economic matters in the Philippines.
The ECC is composed of the President as Chairman, Secretary of Finance as Vice-Chairman, Executive Secretary, Secretaries of Trade and Industry, Budget and Management, Agriculture, Director General of NEDA, Chairman of HUDCC, and the Governor of Bangko Sentral ng Pilipinas as an ex-officio member.
The Governor of BSP is an ex-officio member of the ECC to facilitate economic policy coordination while maintaining the BSP's constitutional independence.
The ECC functions to ensure consistency and complementation of issuances and programs with the country's economic reform direction, direct government agencies to execute functions promptly to achieve order objectives, and exercise other necessary powers.
Decisions of the ECC, specifically approved by its Chairman, shall overrule decisions or lack thereof from any department, bureau, or office on urgent economic recovery matters, subject to constitutional or legal limits on presidential power.
Attendance to ECC meetings is required strictly at the Cabinet level to maintain the council's focus on quick response.
The ECC secretariat is fully supported by the President Management Staff.
An initial funding of Five Million Pesos (P5 million) is allocated from the Office of the President's budget for ECC operation.
All executive issuances or portions inconsistent with Executive Order No. 193 are repealed or modified accordingly.
Executive Order No. 193 took effect immediately upon its signing on January 6, 2000.