Fice Secretary Borrowing Authority Act

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Republic Act No. 245: Fice Secretary Borrowing Authority Act

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Title Supreme Court: Fice Secretary Borrowing Authority Act

Law: Republic Act No. 245

Decision Date: Jun 12, 1948

Republic Act No. 245 authorizes the Secretary of Finance to borrow money on behalf of the Philippines for public expenditures, with the authority to issue evidences of indebtedness and make payments on the public debt, subject to approval and consultation with the President and Monetary Board.

finance secretary

borrow

authorized public expenditures

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