Budget 'Insertions' Jeopardized Foreign-Assisted Projects

Budget 'insertions' jeopardized foreign-assisted projects

MANILA, Philippines — President Ferdinand Marcos Jr. warned Congress against budget "insertions," saying this practice jeopardized critical foreign-assisted projects and damaged the country’s credibility with international financial institutions.In the third episode of his podcast released on Monday evening, Marcos revealed that several foreign-assisted projects were stripped of funding during last year’s congressional budget deliberations."The …

Marcos: Executive tasked to submit budget plan, make sure funds are secure

It's the job of the executive branch to come up with a spending plan and make sure that government funds are allocated to that program, and neither wasted nor stolen, President Ferdinand "Bongbong" Marcos Jr. has said.

Foreign-Assisted Projects Must Receive Appropriate Funding

President Ferdinand R. Marcos Jr. said Monday foreign-assisted projects should have sufficient funding in the national budget. In Episode 3 of the BBM Podcast, the President revealed that several foreign-assisted projects were stripped of funding during last year’s congressional budget deliberations. “Oo, ‘yung pinakamalaking naging problema ‘yung foreign-assisted projects, tinanggal halos lahat nung funding. (The biggest problem was almost all …