Promise 97: Push for a Fiscal Responsibility Bill in Congress Category

Status:

The Promise
In his State of the Nation Address, President Aquino proposed for a Fiscal Responsiblity bill, which, he said, would limit spending bills only for appropriations that have identified funding sources.

Quote/s
"Isinusulong po natin ang Fiscal Responsibility Bill, kung saan hindi tayo magpapasa ng batas na mangangailangan ng pondo kung hindi pa natukoy ang panggagalingan nito. May 104.1 billion pesos tayong kailangan para pondohan ang mga batas na naipasa na, ngunit hindi maipatupad.

"Kailangan din nating isaayos ang mga insentibong piskal na ibinigay noong nakaraan. Ngayong naghihigpit tayo ng sinturon, kailangang balikan kung alin sa mga ito ang dapat manatili at kung ano ang dapat nang itigil."

Source/s
State of the Nation Address, July 26, 2010

Related Promise/s
Promise 5: Zero-based budgeting system
Promise 7: Streamlining of the government bureaucracy
Promise 8: Systematic evaluation of government agencies and civil servants
Promise 98: Amend the Procurement law

July 26, 2011: "Our fiscal consolidation efforts must not go astray. With this, I ask Congress to help us sustain our fiscal consolidation agenda by enacting a Fiscal Responsibility Bill; and pending that, to refrain from enacting revenue-eroding measures or expenditure-generating laws that are not supported by additional revenus." (Continue Reading)

February 27, 2011: Malacanang said it will be pushing for 23 bills in the meeting of the Legislative-Executive Development Advisory Council (LEDAC). (Continue Reading)

February 7, 2011: The 5 remaining bills at the drafting stage include the Fiscal Responsibility Bill, Water Sector Reform Bill, reorganization of the National Food Authority, amendments to the Anti-Money Laundering Act and amendments to the Electric Power Industry Reform Act. (Continue Reading)

September 12, 2010: Congress cannot pass new appropriation measures or so-called revenue-eroding legislation without identifying first the source of funding if Senator Franklin Drilon's Fiscal Responsibility Measure is passed into law. (Continue Reading)

July 26, 2010: "We will push for the Fiscal Responsibility Bill, which will limit spending bills only for appropriations that have identified a source of funding. We need 104.1 billion pesos to fund those laws already passed but whose implementation remains pending because of lack of funds." (Continue Reading)