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With More Privatization, Aquino Uses Same Old Policies by Predecessors by Bulatlat

Saturday, July 31, 2010

 With More Privatization, Aquino Uses Same Old Policies by Predecessors

Published on July 29, 2010


By ARNOLD PADILLA
Analysis
Bulatlat.com

MANILA — In his first State of the Nation Address (SONA), President Benigno Aquino III used the various cases of misuse of public funds by the Arroyo administration as a pretext to promote the so-called Public-Private Partnerships or PPPs. According to Aquino, PPPs will address the lack of resources due to a depleted government budget for the country’s many needs.

(Read the full text of Aquino’s SONA here)

Incidentally, PPPs were among the legacies of the first Aquino administration. It was during the term of Noynoy’s mother, the late President Cory Aquino, that the first PPPs in the power generation sector were implemented. In 1987, she issued Executive Order (EO) No. 215 that allowed private corporations to construct and operate electric generating plants. (Read here) Cory’s privatization formed part of a wide-ranging package of structural reforms pushed by the International Monetary Fund (IMF) and the World Bank to supposedly address the country’s fiscal crisis in the late 1980s.... MORE

SourceBulatlat.com

URL: http://www.bulatlat.com/main/2010/07/29/with-more-privatization-aquino-uses-same-old-policies-by-predecessors/

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