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  • News,
  • Philippines
  • August 14, 2015 , 02:46pm

Proposed 2016 national budget prone to abuse in election year

Proposed 2016 national budget prone to abuse in election year

Research group IBON said that the proposed 2016 national government budget is vulnerable to abuse in the critical 2016 election year. There are large lump-sum amounts including suspiciously for local governments, as well as an apparent attempt to give the administration greater flexibility to declare savings and transfer funds in the middle of the year.

The National Expenditure Program (NEP) submitted by the Aquino administration to Congress has greatly increased the amount of special purpose funds (SPFs). The SPFs are notorious for having large lump-sum amounts that do not undergo congressional or public scrutiny. SPFs increased by a substantial Php61.7 billion to reach Php430.4 billion in the proposed 2016 budget, the group noted.

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Based in Toronto, Ontario, Canada, The Philippine Reporter (print edition) is a Toronto Filipino newspaper publishing since March 1989. It carries Philippine news and community news and feature stories about Filipinos in Canada and the U.S.
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