Budget overhaul, probes set over GOCC fat pays
By Angie Rosales and Gerry Baldo 08/11/2010 Fat bonuses and high salaries of executives from government-owned and controlled corporations (GOCCs) reached as much as P47 billion that contributed to the ever growing budget deficit incurred by the previous administration, Sen. Franklin Drilon said. Drilon vowed to seek reforms in this year’s national appropriations, which he said have been misused and abused over the years. The chairman of the Senate finance committee said the huge salaries of government executives will be tabled for discussion on the proposed P1.64 trillion budget for 2011, a 6.8 percent increase from this year’s P1.54 trillion appropriations. Besides the issue of restoring the automatic appropriations of the debt service and preventing the reenactment of the budget, Drilon said the matter concerning fiscal discipline of the GOCCs will be among those the Senate will address when actual deliberations on the budget start. Drilon earlier filed a resolution to enjoin the Senate to conduct an inquiry into the reported excessive and unwarranted salaries and other perks of officials in GOCCs and government financial institutions (GFIs) adding his committee is ready to start the investigation on Tuesday next week. Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100811hed2.html |
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