PD 1421 Section 1

Section 1

SECTION 1. Parts of Section 2 of P.D. No. 1177 are hereby amended to read as follows: "d. 'Current operating expenditures' refer to appropriations for the purchase of goods and services for current consumption or whose benefits are expected to terminate within the fiscal year." "g. 'Government-owned or controlled corporations' shall include all corporations and financial institutions owned or controlled by the National Government and performing governmental and/or proprietary functions."

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Other provisions in PD 1421

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1421 Section 1 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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