Practice question
A government-controlled corporation’s foreign-loan application would increase foreign debt, and the Monetary Board has decided on it. Officials omit the decision from the quarterly report solely because the lender has not fully disbursed the money. Explain why the wording of Article VII, Section 20 matters.
Legal references
- 1987 Constitution, Article VII, Section 20: https://lawphil.net/consti/cons1987.html
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