Practice question
A President obtains Monetary Board concurrence for a proposed foreign loan but asserts that the concurrence authorizes disregarding an otherwise applicable statutory borrowing limit. Evaluate that position under Article VII, Section 20, assuming the statute validly applies.
Legal references
- 1987 Constitution, Article VII, Section 20: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353
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