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Directing the continued adoption of austerity measures in the Government

DIRECTING THE CONTINUED ADOPTION OF AUSTERITY MEASURES IN THE GOVERNMENT

A.O. No. 103 | 2004-08-31

MALACAÑANG
Manila
 
ADMINISTRATIVE ORDER NO. 103
 
DIRECTING THE CONTINUED ADOPTION OF AUSTERITY MEASURES IN THE GOVERNMENT
 
WHEREAS, the continued adoption and implementation of austerity measures are necessary in order to meet the country's fiscal targets, maintain its macroeconomic stability and improve investor confidence;
 
WHEREAS, the national government, its agencies and instrumentalities must undertake costcutting measures to reduce expenses and channel its scarce resources towards the implementation of the 10-Point Legacy Agenda; WHEREAS, government-owned and controlled corporations, government financial...