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(Eagle News) – Budget Secretary Benjamin Diokno warned of “detrimental” effects to the country’s economy in case Congress fails to approve the proposed 2019 national budget of PHP3.757-trillion. According to Department of Budget and Media estimates, a reenacted budget would reduce disbursements by around PhP220 billion by 2019. Diokno said the growth impact of such a reduction would be “detrimental” and could lead to an economic slowdown. “While ‘the sky will not fall down’ […]
(Eagle News) — The Palace said it was “alarmed” over the House of Representatives’ “resistance” to the passage of a 2019 budget. “Kaunaunahang pagkakataon to na ang House majority, sila humaharang ng budget. Parang nabaliktad na,” Presidential Spokesperson Harry Roque said. “It’s harsh words..We are completely shocked at resistance of House because we were confident that when there was a change of leadership, we would still be close allies,” he added. Even then, Roque said […]
