Practice question
A Republic foreign-loan project receives prior Monetary Board concurrence and complies with an applicable statutory ceiling. Officials then claim these approvals eliminate the separate constitutional requirement to make information on the Government’s foreign borrowing available to the public. No other particular confidentiality issue is presented. Which answer is best?
- Prior concurrence repeals every public-information duty.
- A statutory ceiling makes every foreign loan wholly private.
- Only lenders may ever know about Republic borrowing.
- Compliance with authorization conditions does not by itself eliminate Article XII, Section 21’s distinct public-information command.
- The public-information rule applies only to local supermarket credit.
Legal references
- 1987 Constitution, Article VII, Section 20: https://lawphil.net/consti/cons1987.html
- 1987 Constitution, Article XII, Section 21: https://lawphil.net/consti/cons1987.html
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