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Reappropriating Unreleased Balances of Appropriations for Public Works Projects

Presidential Decree No. 1979

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 1979

REAPPROPRIATING UNRELEASED BALANCES OF APPROPRIATIONS FOR PUBLIC WORKS PROJECTS

WHEREAS, there are unreleased balances of appropriations authorized for infrastructure projects under the six existing Public Works Acts, namely, Presidential Decrees Nos. 759, 1062, and 1342, and Batas Pambansa Blg. 13, 50 and 132;

WHEREAS, since the enactment of the abovecited six Public Works Acts, major unforeseen changes have taken place in the external and domestic socio-economic environment which call for a review and shifting of developmental thrusts and resource allocation in general, and revision in priorities, scopes, costs, and implementation schedules of infrastructure projects in particular, in accordance with the Updated Five-Year Philippine Development Plan and the Medium-Term Public Investment Program;

WHEREAS, such revisions in priorities, scopes, costs, and implementation schedules of infrastructure projects necessarily require a revision and adjustment of allocations of the appropriations already authorized under the existing Public Works Acts; and

WHEREAS, because of the extensive destruction wrought by the recent typhoons and other calamities, there is an...

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