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    Senate sets time for fiscal briefing,
    bills on drugs, SMEs amid ‘Garci’
    By Butch Fernandez
    Reporter
     

    THE Senate, setting aside ongoing inquiries into administration anomalies, opens simultaneous hearings this morning on Malacañang-certified urgent bills, including the proposed 2008 national budget and a long-awaited legislation amending patent laws to lower medicine prices.

    Executive officials sitting in the Budget Coordinating Council, led by Finance Secretary Margarito Teves and Budget Secretary Rolando Andaya, are set to brief members of the Finance Committee, chaired by Senator Juan Ponce Enrile, on the P1.3- trillion budget bill the Palace earlier submitted for Congress approval.

    The budget briefings are being held in lieu of formal hearings because the Senate, technically, has to wait first for the approval of the money measure in the House of Representatives where, under the constitution, all appropriations bills must originate.                                         

    At the same time, the Trade and Commerce Committee of Sen. Mar Roxas will open hearings on bills seeking to lower prices of medicine in the country jointly with the Committee on Health and Demography chaired by Sen. Pia Cayetano-Sebastian.

    In a statement over the weekend, Senator Roxas announced that the two committees would hold weekly hearings “until these [affordable medicine] bills are enacted into law.”

    Roxas indicated a bipartisan consensus in Congress to correct huge discrepancies between local prices of drugs and those sold in other countries, particularly patented drugs for diseases that affect majority of Filipinos.

    For instance, the senator cited the rising incidence of diabetes worldwide, which has also afflicted some three million Filipinos.

    “Aside from this, there are eight million prediabetics with dangerously high blood-sugar levels,” he added.

    Roxas pointed out how a common maintenance drug for diabetes, Daonil, costs P9.86 locally for a 5-mg tablet, which is taken twice a day. The same tablet, he noted, could be bought from India for less than one peso, or just 80 centavos.

    “That means very big savings; almost P10 per tablet, or P20 a day for our diabetics,” he said.

    Later in the day, the Senate Committees on Economic Affairs and on Banks and Financial Institutions, chaired by Sens. Loren Legarda and Edgardo Angara, respectively, will also hold a joint hearing on at least four related bills amending the Magna Carta for Small Enterprises to promote entrepreneurship by strengthening development and assistance programs to micro-small-and medium-scale enterprises.

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