“• A new Special Provision under the Unprogrammed Fund providing appropriation cover for the release of funds previously deposited in the Bureau of Treasury for the Implementation of Remedies, including safeguard measures pursuant to R. A. No. 8800, the Safeguard Measures Act of 2000.”

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

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Francis Escudero354

Filipino politician 1969

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Francis Escudero (1969) Filipino politician

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“Apart from these three acts, Mr. President, the Court further declared VOID “the use of unprogrammed funds despite the absence of a certification by the National Treasurer that the revenue collections exceeded the revenue targets for non-compliance with the conditions provided in the relevant GAA.””

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“This reduction implies the release of funds for development and a shift of the labour force previously dedicated to military industries toward peaceful activities, protection of human rights, conservation of the environment, the eradication of illiteracy, promotion of education and scientific research together with enhanced efforts to reach the Millennium Development Goals and implement the agenda for the post-2015 period.”

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“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

“1) You would agree to remove these weapons systems from Cuba under appropriate United Nations observation and supervision; and undertake, with suitable safeguards, to halt the further introduction of such weapons systems into Cuba.”

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“The appropriate time for the ultimate release of the deposits will have arrived at the onset of the first post-war slump.”

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“• A new Special Provision under the Unprogrammed Fund providing appropriation cover for the release of funds previously deposited in the Bureau of Treasury for the Implementation of Remedies, including safeguard measures pursuant to R. A. No. 8800, the Safeguard Measures Act of 2000.”

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Francis Escudero354

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