Promise 97: Push for a Fiscal Responsibility Bill in Congress
Government Ethics | 07/29/2010 4:56 PM
In his State of the Nation Address, President Aquino proposed a fiscal responsiblity bill, which, he said, would disallow bills without identified funding sources.
"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."
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
March 25, 2013: With much fanfare, the Aquino administration has implemented certain measures along the suggested actions mentioned in a World Bank report. Some of them, such as those aimed at fixing the fiscal weakness and governance, have started to make investors take the Philippines seriously. (Continue reading)
December 9, 2011: Finance Secretary Cesar Purisima said the department subscribes to the position that any revenue loss measure enacted in Congress should at least be compensated by a corresponding revenue gain. “As fiscal managers, it is our duty to protect the country’s revenue base. Fiscal responsibility should be recognized in all discussions. Expanding our revenue base will enable government to support key social and economic services that will further improve our country’s competitiveness,” Purisima said. (Continue reading)
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)