Author Topic: PH Supplementary Budget  (Read 1575 times)

Herbie

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PH Supplementary Budget
« on: January 31, 2017, 08:58:54 PM »
There's talk of a supplementary budget separate from the main 2018 Budget, looks like there is something related to this at the 28:45 mark of this ANC video interview...

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https://www.youtube.com/watch?v=x1BPPyvducY (Published on 5 Jan 2017)

K. Davila: You are eyeing a PHP 200 billion supplementary budget for a National Broadband Network.

Sec. Diokno: Alam mo, we might submit a supplementary budget kasi MARAMING hindi nagastos si... yung past administration. And so we have funding for very important projects. Sabi ko ang kundisyon diyan, this are for completion of existing projects (existing naman ang Revised AFP Mod. Prog. hehehe) para wala ng problema sa Right-of-Way mga ganoon.

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P200-B excess cash (January 5, 2017)

State coffers are holding excess cash of at least P200 billion, thanks to former president Benigno Aquino III, Budget Secretary Benjamin Diokno said yesterday.

Diokno said the government has a cash surplus because of prudent spending by the previous administration. He said President Duterte would seek authority from Congress to spend the extra cash in the form of a supplemental budget. Diokno added that the additional budget proposal would soon be submitted to the House of Representatives, where money-related and tax measures originate.

He pointed out that he would like the excess money spent “for the completion of existing projects like seaports and airports.” For instance, he said the Bicol International Airport is in need of additional funds. Diokno admitted that part of the extra cash would be used to build a broadband network for the national government and its agencies.

Also related:
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Philippine Daily Inquirer / 12:12 AM August 24, 2016

The Aquino administration failed to spend a total of P1 trillion in appropriations, resulting in “huge” lost economic opportunities to improve infrastructure and create jobs, Budget Secretary Benjamin E. Diokno said.

As for the Duterte administration, Diokno told the House appropriations committee last Monday that there would be no underspending in the next six years.
In a text message, Diokno said that the P1 trillion in funds left unspent by the previous administration reflected lost opportunities that were “huge in terms of jobs lost and economic opportunities if the infrastructure projects were started and completed.”

https://business.inquirer.net/213957/aquino-regime-underspent-p1t
http://interaksyon.com/business/135037/dbm-eyes-p200-b-supplemental-budget-for-dicts-national-broadband-network