“A comparative analysis of the General Appropriations Bill (GAB) will similarly show that a total of P19,827,233,000 was realigned within and among the agencies. Total New Appropriations still stands at P1.862 trillion, at exactly the same level as the FY 2015 NEP.”

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

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Francis Escudero354

Filipino politician 1969

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“• Detailed listing of the Farm-to-market road projects under the Department of Agriculture is now found in Volume II-A of the GAA. This is used to be a lump sum appropriation Mr. President both under the NEP and the GAB;”

Francis Escudero (1969) Filipino politician

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

“• Again in keeping with the Supreme Court ruling on Augmentation, the committee proposed the insertion of the following statement in Sec. 70 entitled “Rules in the Realignment of Allotment Classes and Reprioritization of Items of Appropriations which states that: “In all cases of realignment, the existence of an appropriation in the Object of Expenditure and Allotment Class is necessary for realignment.””

Francis Escudero (1969) Filipino politician

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

“Total Revenues amounting to P2.337 trillion will finance the proposed 2015 national budget, representing a Revenue Effort of 16.5% and a growth rate of 15.8%. Tax Revenues, Mr. President, in particular, is targeted at P2.194 trillion, representing a Tax Effort of 15.5%.”

Francis Escudero (1969) Filipino politician

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

“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

“Augmentation, on the other hand, Mr. President, is defined in the GAB as the act of filling up a deficiency in any existing P/A/P of an agency or office from savings in other items of the said agency’s appropriations, and therefore, a non-existent P/A/P cannot be funded by augmentation from savings.”

Francis Escudero (1969) Filipino politician

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

“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

“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

“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

“I believe that it behooves me to step down at this juncture to ensure that deliberations on the General Appropriations Bill (GAB) — considered the single most important piece of legislation passed by Congress each year — are untainted by suspicions or perceptions of partisan politics. It is, Mr. President, what propriety requires; it is, I believe, what our people expect from us all: delicadeza.”

Francis Escudero (1969) Filipino politician

CNN Philippines http://cnnphilippines.com/news/2015/07/28/Chiz-Escudero-resigns-as-finance-committee-chairman.html <br class="br">2015

“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

“A comparative analysis of the General Appropriations Bill (GAB) will similarly show that a total of P19,827,233,000 was realigned within and among the agencies. Total New Appropriations still stands at P1.862 trillion, at exactly the same level as the FY 2015 NEP.”

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Francis Escudero354

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