“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

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

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Filipino politician 1969

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

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

“b) Non-commencement of the P/A/P or the inability of the agency to obligate a released appropriation within the first semester of the year;”

Francis Escudero (1969) Filipino politician

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

“The Senate general provision also states that savings may result from non-commencement of the P/A/P or the inability of the agency to obligate its released allotment and implement it within the period when the appropriation is valid, whereas the House version qualifies that savings also result from non-commencement of a P/A/P, meaning the inability of the agency to obligate an allotment only within the first semester of the year. In the same manner, the Senate provision demands more fiscal responsibility from agencies by adding the proviso in Sec. 68 that “Programmed appropriations which have not been released or allotments not obligated due to the fault of the agency concerned shall not be considered as savings and shall revert to the General Fund.””

Francis Escudero (1969) Filipino politician

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

“Mr. President, in so far as special and general provisions. Your committee on Finance proposes the following.”

Francis Escudero (1969) Filipino politician

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

“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

“Still the Constitution tells us emphatically that the power of the purse belongs to Congress. It is hoped, Mr. President, distinguished colleagues, that with these proposed amendments in the Fiscal Year 2015 budget or GAA, Congress will adhere to the ruling of the highest Court in the land and regain its Constitutionally-mandated control over the purse strings.”

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

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

“There shall be created in the National Military Establishment an advisory committee to be known as the President's Committee on Equality of Treatment and Opportunity in the Armed Services, which shall be composed of seven members to be designated by the President.”

Harry Truman (1884–1972) American politician, 33rd president of the United States (in office from 1945 to 1953)

Executive Order 9981 (1948)

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