General limitation upon amount expendable for salaries and wages.
Section 5
SEC. 5. General limitation upon amount expendable for salaries and wages.—Except as herein below provided, the amount expendable for salaries and wages of provincial and city officials and employees shall not exceed the following percentages of the ordinary and regular income that accrued to the general fund during the preceding fiscal year, exclusive of all balances carried forward from preceding fiscal years, transfers from other funds, and all receipts from loans, aids or gifts from government or private funds: Class Provinces Cities First .................................... Fifty per centum Fifty-five per centum Second ............................... Fifty-five per centum Sixty per centum Third and Fourth ................. Sixty per centum Sixty-five per centum Fifth .................................... Sixty-five per centum Seventy per centum Sixth ................................... Seventy per centum Seventy-five per centum Seventh .............................. Eighty per centum Eighty-five per centum In case the current income of the general fund is less than that which accrued to the same fund during the preceding fiscal year, the percentages fixed in the preceding paragraph shall be based on the reduced income for the current fiscal year. The Secretary of Finance may authorize any province or city to exceed the percentages hereinabove fixed under such conditions as he may impose.