Section 69
SEC. 69. Budget Authority. The Philippine National Oil Company (PNOC), the National Power Corporation (NPC) and the National Electrification Administration (NEA) are authorized to operate on the basis of their respective budgets for fiscal year 1993 for the first semester of 1994 until such earlier time as their annual budget is submitted to, and approved by, Congress pursuant to Section 13 of R.A. No. 7638: Provided, That this provision shall not in any way prejudice the upgrading by the President of the compensation of the personnel of the National Power Corporation in accordance with Section 5 of R.A. No. 7648.