“The House-approved Budget”

—  Francis Escudero

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

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Francis Escudero photo
Francis Escudero 354
Filipino politician 1969

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“General Public Services will acquire the next highest share at 16.2%, followed by Debt Burden which will obtain 15.3% of the total budget. Although the Defense Sector will get the lowest share at 4.4%, it will reflect the highest percentage increase at 29% inclusive of an additional P25.988 billion for the General Headquarters, AFP, AFW-Wide Service Support units for its modernization program and an additional P9.497 billion to be sourced from the Miscellaneous Personnel Benefits Fund (MPBF). Let me now proceed Mr. President to the House-approved Budget or the General Appropriations Bill.”

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“d) Difference between the approved budget for the contract and the contract bid price. Savings may also result from unused compensation and related costs arising from unfilled, vacant or abolished position, non-entitlement to allowance and benefits, and leaves of absences without pay.”

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