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PIA Press Release
2006/10/16

Early okay of 2007 budget to sustain government's pro-poor agenda

Manila (16 October) -- Early approval by the Senate of the proposed 2007 budget, together with the country's economic and fiscal agenda in place and resulting huge improvements in monetary position, will bolster the sustainability of the government's pro-poor agenda to "empower our people and uplift their lives," according to Press Secretary and Presidential Spokesperson Ignacio R. Bunye.

In his weekly column "View From The Palace", Bunye said the P1.126-trillion national budget for 2007 should be immediately passed by the Senate so that the government could do its job of building the "infrastructure needed to attract investments, stimulate commerce, generate jobs and expand social services to the most underprivileged."

"With the economic and fiscal reform agenda in place, and the resulting huge improvements in our monetary position, we should now be able, with an approved intact budget, to sustain a pro-poor agenda," Bunye said.

"For the first time in a generation, we now have the huge resources to build infrastructure needed to attract investments, stimulate commerce, generate jobs and expand social services to the most underprivileged," he added.

He thanked the members of the House of Representatives for their swift approval of the proposed 2007 General Appropriations Act (GAA) during marathon hearings last week. The House-approved budget will go to the Senate for its consideration.

Bunye hoped that when Congress resumes its session next month after a three-week recess, the senators would reciprocate the political will of their House counterparts "to put an end to the cycle of reenacted budgets."

The failure of Congress to pass the 2006 national budget has resulted in forcing the government to operate under a reenacted 2005 budget.

It also prompted the government's pushing for the passage of a P46.4-billion supplemental budget for additional expenses for the current fiscal year.

"We thank the House of Representatives for the approval of the proposed 2007 budget after a marathon session. We are now banking our hopes on the Senate to put an end to the cycle of reenacted budgets," Bunye said.

"Certainly, the approval of next year's budget would be a great boost in paying back to our people the fruits of their sacrifices," he stressed. (PIA-MMIO) [top]

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