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Noynoy eyes line budgeting, slashed pork By Gerry Baldo 07/07/2010

Wednesday, July 7, 2010

Noynoy eyes line budgeting, slashed pork


By Gerry Baldo
07/07/2010

President Aquino’s popularity could be short lived in the Senate and the House of Representatives, with his Liberal Party (LP) allies disclosing yesterday that the ruling party is now eyeing to itemize the budget and slash the pork barrel, euphemistically called Priority Development Assistance Fund (PDAF), into something that is just enough for each congressional district.
Quezon Rep. Lorenzo “Erin” Tañada III, LP spokesman, said each department would have to depend on its budget and not on the congressional allocations from the pork of the lawmakers.
“It has always been mentioned during the campaign that President Aquino favors zero budgeting, which means each department would have to depend on its actual budget.”
Tañada explained that Aquino wants to find out if there is really a need to increase the budget.
“This is because we might say that we need a P1.6 trillion or P1.7 trillion budget, but that the reality is that we may just be needing only P1 trillion,” Tañada said, adding that a big cut in the pork barrel could drastically reduce the budget deficit.
Citing the recent decision of the G20 heads of government during their Toronto Summit on June 26 and 27, 2010 to reduce their deficits, Tañada said Aquino’s move would augur well with the move of the world’s biggest economies.
.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100707hed2.html


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