QuestionsQuestions (PRESIDENTIAL DECREE NO. 1321)
The Executive Committee of the Cabinet is composed of the Minister of Finance as Chairman, the Minister of the Budget as a Member, and the Minister of Public Highways as a Member. The President/Prime Minister may increase the membership as needed.
The Committee is tasked to monitor all economic problems requiring daily assessment, conduct proper staff studies on problems presented by ministries, outline courses of action for problems, attend to problems brought by any Ministry, organize its staff to study issues, call upon any official for participation in meetings, seek assistance from any government agency, and meet frequently to address urgent economic problems, particularly those relating to rising oil prices.
Yes, the membership can be increased by the President/Prime Minister in the interest of public service as the need arises.
The Executive Committee is authorized to organize its own staff which will thoroughly study any problem presented before the Committee submits its recommendations and options to the President/Prime Minister.
If there is no organized staff, the Cabinet Secretariat and the Presidential Management Staff, assisted by officials assigned to the President's Study Room, will provide the basic core of the secretariat for the Committee.
The Committee is specifically mandated to focus on economic problems of the Government which require daily assessment and solution, including urgent economic issues related to increases in oil prices and their effects on the economy.
The Executive Committee helps the President/Prime Minister by conducting studies, evaluating problems, and outlining courses of action with options and alternatives, thus aiding in informed decision-making.
Yes, the Committee is empowered to seek the assistance or advice of any ministry, office, agency, or government entity in performing its tasks.
Executive Order No. 551-A took effect immediately upon its issuance on August 10, 1979.