“I rise to sponsor the Supplemental Appropriations for Fiscal Year 2014 amounting to P22,467,608,000.”

2014, Speech: Sponsorship Speech for the Supplemental Appropriations for FY 2014

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Francis Escudero354

Filipino politician 1969

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“Mr. President, your committee is essentially proposing Supplemental Appropriations amounting to P22,467,608,000 for Fiscal Year 2014, which shall be available for release and obligation within one (1) year after the date of effectivity of this act.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the Supplemental Appropriations for FY 2014

“As the year draws to a close, the Congress of the Philippines is once more mandated by the Constitution to enact a national budget for the ensuing year. Section 29(1), Article VI of the Constitution provides that “No money shall be paid out of the Treasury except in pursuance of an appropriation by law.” And so today, Mr. President, I rise to sponsor, as Chairman of your Committee on Finance, the General Appropriations Bill for Fiscal Year 2015.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

“Mr. President, esteemed colleagues, once more we are tasked to exercise the power of the purse in the enactment of this Supplemental Appropriations for 2014. I therefore ask for the swift passage of the measure.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the Supplemental Appropriations for FY 2014

“The President’s proposed budget for FY 2015 under the N. E. P. or the National Expenditure Program amounts to P2.606 trillion, reflecting an increase of P341.372 billion or 15.07% higher than the Fiscal Year 2014 budget. It is anchored on a real GDP projection of 7-8%, an inflation rate of 2-4%, 364-day T-Bill rate of 2-4%, and a foreign exchange rate of P42-45 to the dollar.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

“First. According to the court, the withdrawal of unobligated allotments from the implementing agencies, including the declaration of the withdrawn unobligated allotments and unreleased appropriations as savings prior to the end of the fiscal year, without complying with the statutory definition of savings contained in the General Appropriations Acts”

Francis Escudero (1969) Filipino politician

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2014, Speech: Sponsorship Speech for the FY 2015 National Budget

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“• Special Provisions on unfilled positions, which provide that the unexpended amount for unfilled positions will revert to the unappropriated surplus for those agencies with fiscal autonomy, were deleted.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

“We have called attention to this difficulty with respect to fiscal accountability. We hold that once the Congress has made an appropriation, an appropriation which it is free to withhold, the responsibility for the administration of the expenditures under that appropriation is and should be solely upon the Executive. The Executive then should be held to account through an independent audit made by an independent auditor who will report promptly to the Congress his criticisms and exceptions of the actions of the Executive.”

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Source: Administrative management in the government of the United States. 1937, p. 43

“I rise to sponsor the Supplemental Appropriations for Fiscal Year 2014 amounting to P22,467,608,000.”

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Francis Escudero354

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