HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  • Congress prodded on budget
     
    By Mia Gonzalez and Fernan Marasigan
    Reporters

    PRESIDENT Arroyo on Tuesday urged the Senate and the House of Representatives to pass the proposed P1.227-trillion budget for 2008 at the soonest possible time to ensure the speedy implementation of government programs and projects.

    Congress leaders responded by assuring the public there won’t be a reenacted budget.

    In her opening statement at the National Security Council (NSC)-National Antipoverty Commission (NAPC)-Cabinet Group meeting, the President stressed that the proposed 2008 budget would assist the poor in coping with the impact of rising oil prices through increased funding for poverty alleviation and food security.

    “I ask Congress to pass the 2008 budget to avoid delay in the implementation of important programs and projects. This fund would provide more help for the poor to cope with rising prices of basic commodities brought about by the increasing world oil prices,” the President said.

    In a related development, House Majority Leader Arthur Defensor said the bicameral conference committee will approve the budget when session resumes on January 28, as “the nation cannot afford another reenacted budget.” Defensor said the congressional action is also in response to Mrs. Arroyo’s call to approve the budget.

    “National interest dictates” that Congress approve the P1.227-trillion General Appropriations Act (GAA) for 2008 as soon as possible, Defensor said.

    Commenting on reported conflicting provisions in the House and Senate versions of the GAA, Defensor said, “All parties—the Executive, the Senate and the House—are confident that we will be able to reach a positive compromise.”

    Speaker Jose de Venecia Jr. and House Appropriations Committee chairman Edcel Lagman, following the November 12, 2007, final reading for the passage of the proposed budget under House Bill 2454, said the measure is vital to achieve a balanced budget two years ahead of projections in the Medium-Term Philippine Development Plan.

    “We are keeping our commitment to our people,” de Venecia said.

    Defensor, noting the extensive meetings and consultations among members of the bicameral conference committee, said, “We do have problems, but I am confident they will be reconciled.”

    He, however, refused to go into details on the points of conflict in the several provisions of the two GAA versions, other than saying, “this is a legislative reality which we must always deal with in a democratic society.”

    “We have a constitutionally mandated process which we must follow,” he said.

    Under HB 2454, in consonance with the mandate of the Constitution, the education department registers the highest allocation followed by the Department of Public Works and Highways, among others.

    In making her call, Mrs. Arroyo said the proposed budget would ensure the completion of irrigation projects and farm-to-market roads before the next planting season, which would help farmers generate more profits and provide an abundant supply of affordable food.

    “This is an effective response to rising prices of basic commodities caused by the surging price of oil price in the world,” the President said.

    The passage of the proposed 2008 budget was stalled by the alleged P13.5-billion insertion made by congressmen in the House version of the budget.

    Malacañang said earlier that the government cannot afford such an insertion as it is unfunded and would be vetoed if retained.

    Budget Secretary Rolando Andaya Jr. said earlier that operating on a reenacted budget this year for just a few months, as expected, would not have any impact on the government’s growth targets.

    Malacañang expects approval of the budget in February.

    Of the P1.227-trillion budget, which is P91-billion higher than last year’s budget, P11.5 billion will fund infrastructure projects.

    In her statement the President said there would be a reassessment of the programs of the Presidential Antigraft Commission, Department of Finance and Department of Budget and Management against corruption to ensure that the economic benefits of her programs trickle down to the people.

    OTHER STORIES

    11-mo remittances at $13.1B


    RP to raise migrant-labor issues at Davos


    Fiscal fix: Don’t impose more taxes, just catch the crooks


    ’08 outlook: Joblessness, lower income


    Congress prodded on budget


    RP economy remains ‘restrictive’


    Hopes that bank lending will grow double-digit dim


    CA nixes FBDC tax refund bid


    2 Senate panels wrapping up report endorsing Jpepa


    ABS-CBN shows ‘witness’ in ratings case


    SMFI sets appeal on Sumilao


    RP’s falling competitiveness worrisome, government warned


    The ‘killer’ addiction inducer actually helps save the brain