HB 5423 Page 2

Introduced by Honorable Carlos M. Padilla

AN ACT PROVIDING AUTOMATIC APPROPRIATION FOR EDUCATION WHILL SHALL BE EQUIVALENT TO AT LEAST SIX PERCENT (6%) OF THE GROSS NATIONAL PRODUCT (GNP), AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 1177, OTHERWISE KNOWN AS “THE BUDGET REFORM DECREE of 1977″