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Presidential Decree No. 613
WHEREAS, it is clearly in the public interest that the said deficit of P335,412,694.71 incurred during the fiscal year 1972 which ended June 30, 1972, should be blocked to enable the Government to use the collections during the initial period of fiscal year 1973 to cover the expenditures previously authorized by law instead of applying the said collections to wipe out the deficit of the previous year;
Section 1. The expenditures made during the period from July first to December thirty-first, nineteen hundred seventy-three pursuant to appropriations made by law prior to this Decree, of the income accruing to the general, special, trust, and other funds in the Philippine Treasury for the said period is hereby authorized: Provided, however, That the expenditures from special and trust funds for the purposes for which said special and trust funds were created.
Section 2. All laws, decrees, orders, rules and regulations or parts thereof inconsistent herewith are hereby repealed or modified accordingly.
Section 3. This Decree shall take effect immediately.
Done in the City of Manila, this 18th day of December, in the year of Our Lord, nineteen hundred and seventy-four.