Diokno: Lawmakers want higher 2019 budget due to elections | Tin Tức Ngôi Sao
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Diokno: Lawmakers want higher 2019 budget due to elections | Tin Tức Ngôi Sao
HIGHER BUDGET. Lawmakers want Budget Secretary Benjamin Diokno to submit a higher budget for 2019. File photo by Angie de Silva/Rappler MANILA, Philippines – Budget Secretary Benjamin Diokno speculated that lawmakers' opposition to the "smaller" cash-based budget for 2019 is due to the upcoming mid-term elections. "Probably [due to elections.] Most likely," Diokno said in response to Lyndia Jumilla's question on an ANC's Beyond Politics interview Tuesday night, August 14. Some lawmakers at the House wants to increase the proposed national budget for next year, saying the shift to cash-based budgeting would lead to "huge cuts" in agencies' funds should the shift be implemented. For the longest time, agencies' budgets have followed two-year, obligation-based budgeting, which disburses payments as obligations or commitments that may not necessarily be delivered within the same year. But the proposed shift to a cash-based budget would limit contractual obligations and disbursing payments to goods delivered and services rendered within the fiscal year. "The congressmen would like to increase the budget probably because of that illusion that it is lower. But you cannot compare the 2018 budget to the proposed one. That's like comparing apples to oranges," the budget chief said. Supposedly the first cash-based budget, the submitted 2019 National Expenditure Program (NEP) amounts to P3.757 trillion or 19.3% of the country's projected gross domestic product for next year. (READ: What i...
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