Tag: budget

Did Butch Abad just out an Aquino SC justice for perjury?

Posted on By BenK 8 Comments on Did Butch Abad just out an Aquino SC justice for perjury?
Did Butch Abad just out an Aquino SC justice for perjury?

In the aftermath of the announcement of the unexpectedly disappointing third-quarter GDP figures earlier this week, Budget Secretary Florencio “Butch” Abad offered a rather strange explanation for part of it, the 2.9 percent retraction of government spending during the quarter: “…the decrease was largely caused by the low utilization of notice of cash allotments (NCAs)…

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Crime, Economy, Politics

The DAP is a product of PNoy’s flawed understanding of the government’s financial position in 2010

Posted on By benign0 6 Comments on The DAP is a product of PNoy’s flawed understanding of the government’s financial position in 2010
The DAP is a product of PNoy’s flawed understanding of the government’s financial position in 2010

The thing with trying to pitch purported good intentions is that once the resources and the means to deliver those intentions have been tainted in the public eye, there is little hope for redemption. Malacañang, true to form always five steps behind when it comes to justifying its position on many matters of national consequence,…

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Crime, Development, Environment, Government, Politics

Noynoy’s CCT war chest: Ready for dole out in 2013 election year?

Posted on By benign0 15 Comments on Noynoy’s CCT war chest: Ready for dole out in 2013 election year?
Noynoy’s CCT war chest: Ready for dole out in 2013 election year?

Big budget for cash dole outs on an election year. That, it seems, is a lethal combination in the coming financial year ending 2013 when mid-term will be held. The “centrepiece” of President Benigno Simeon “BS” Aquino III’s poverty alleviation program, the Conditional Cash Transfer (CCT) program is set to be allocated P45 billion if…

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Government, Money Talks, Politics