Aquino gov't proposes P1.7 trillion budget for 2011
MANILA, Philippines - President Benigno "Noynoy" Aquino III's administration is proposing a 14% increase in the national budget for next year.
Budget Secretary Florencio Abad said that they will ask for a P1.77 trillion allocation for 2010 to help the government fund critical programs.
The government budget for this year is pegged at P1.54 trillion.
Abad said that the government is targetting revenues of P1.46 trillion next year to keep the deficit to GDP ratio at 3.3% of gross domestic product.
The record budget will also enable the government to spend more on its poverty alleviation and infrastructure development programs.
As for budget management, the Aquino administration is now studying ways to rein in spending including the rationalization of subsidies it give to government-owned and controlled corporations' like the National Food Authority and the Light Rail Transit Authority.
Abad said the government is setting an ambitious spending program for 2011, aimed at helping the poorest of the poor.
He said that the government is now busy re-allocating money from underperforming agencies and rationalizing expenditures at some others.
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Transparent dapat
In the interest of transparency, dapat ilathala (sa diyaryo or websites) kung magkano ang napunta sa aling mg ahensya. Gawin din sanang monthly ang progress report of all agencies on their programs and the utilization of their budget. That way, the public will know if they are following their plans and how much of the people's money they are using.
go!!!
go NoynOY and create jobs for us OFW's so we could stay home with our kids and enjoy the life in our own country...it's not too ambitious, it can be done without raising taxes..mabuhay ka Noy!!!!
1,540,000,000,000????
Eto ba ang bagong Pilipinas?
More Spending? San namn nila kukuhan yang trillong
pison na yan? Eh di sa mamamayang pilipino, kaya
tataas na naman ang bilihin at lalo na lang maghihirap
ang mga tao.
Imbes na job creation ang i focus nya para di na mag
abroad ang mga pilipino.
1,540,000,000,000 piso??? i solve mo muna kay ang corruption bago mo ito kuhanin sa taong bayan!!!
Ikaw ba
Ikaw ba "CommonSense" eh, nagbabayad ka ba ng tamang buwis?