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Aquino economic team slammed over incomplete budget proposal 09/02/2010

Thursday, September 2, 2010

Aquino economic team slammed over incomplete budget proposal
09/02/2010
President Aquino’s economic team yesterday earned the ire of opposition lawmakers as Budget Secretary Florencio Abad tried to hide a big portion of the 2011 national budget from congressional scrutiny.

House Minority Leader Edcel Lagman and Quezon Rep. Danilo Suarez said Abad had apparently tried to hide the big picture  of the national budget to the lawmakers when the Department of Budget and Management (DBM) failed to give details of some P711.5-billion in his presentation of the National Expenditure Program. The proposed budget for 2011 is P1.645 trillion.

Lagman noted that Abad had only delved on the new appropriations when he should have discussed automatic appropriations such as the debt service and the internal revenue allotment, continuing appropriations such as salaries, and all other kinds of appropriations such as net lending and tax refunds.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20100902hed6.html

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