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THE
government will likely operate under a reenacted 2007
budget by January 1 owing to the failure of a bicameral
conference committee to hammer out a consolidated final
version of the P1.23- trillion spending bill for 2008
before the yearend.
Senate
President Manuel Villar admitted there may not be enough
time for the bicameral panel, cochaired by Sen. Juan
Ponce Enrile and Rep. Edcel Lagman, to reconcile
conflicting provisions in the Senate and House versions
of the proposed money measure before Congress adjourns
for Christmas recess this week.
“There
is a possibility that the government may have to operate
under a reenacted budget but only until January,” Villar
told Senate reporters. “That’s not surprising. We’re
doing everything possible to have this budget approved
in final form but it seems that’s not possible [within
the year].”
He
explained that the conference committee could not rush
approval of the new budget after Enrile confirmed they
have yet to forge agreement on how to resolve the “wide
gaps” in the versions separately passed by the two
chambers, particularly on the approved cuts made by the
Senate and the House in the P295-billion allocations for
debt service next year.
“We
really can’t rush it because certain substantial issues
must be resolved,” the Senate President said, adding, “I
wouldn’t be so worried by a month’s delay in passage,
but I hope it won’t go beyond one month; it’s truly
important that we pass our budget [and not rely on a
reenacted one].”
Enrile,
for his part, said the Senate panel in the conference
committee on the budget will strive to “work out a
compromise” in order to close what he estimated to be a
P12-billion gap in the Senate and House versions of the
proposed budget cuts.
But
Enrile ruled out the need for the President to convene
Congress to a special session in the middle of the
month-long Christmas recess, saying the government can
operate even without a new budget.
He
reported that House members “made cuts and changes [in
their version of the budget bill] of approximately P36
billion and, in our case, our changes amount to about
P10.8 billion. There are many points of divergence so we
will have to reconcile the figures.”
The
“divergence” in the Senate and House-approved budget
bills mainly involved the P295- billion annual
allocation for debt service. The total House cuts in the
2008 budget amounted to P36 billion, of which P17.8
billion were slashed from debt payment allocations
reallocated to other items. The Senate-approved version,
on the other hand, slashed P10.8 billion from the budget
pie, of which P5.7 billion was originally allotted for
debt payments. |