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Palace reviewing power plant taxes

Florencio ''Butch'' Abad 2

Malacañang is reviewing an executive order that exempts independent power plant operators from real estate taxes, Budget Secretary Florencio Abad said here on Thursday.

Posted: November 16th, 2014 in Headlines,Latest News Stories,Regions,Regions | Read More »

Abad confirms he offered Tacloban City advance IRA

Budget Secretary Florencio B. Abad. INQUIRER FILE PHOTO

Budget Secretary Florencio Abad on Thursday said Tacloban City’s decision to decline an offer to advance its share of the Internal Revenue Allotment (IRA) did not help city residents hit by Supertyphoon “Yolanda” last year.

Posted: November 15th, 2014 in Headlines,Latest News Stories,Regions,Regions | Read More »

Aquino weighs Cabinet members

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A key ally of President Aquino, Akbayan Rep. Walden Bello (pictured), said he should fire not only Vice President Jejomar Binay but also (inset, from left) Agriculture Secretary Proceso Alcala, Agrarian Reform Secretary Virgilio de los Reyes, Philippine National Police Director General Alan Purisima and Budget Secretary Florencio Abad to restore the credibility of his reform program. FILE PHOTOS

President Aquino is scrutinizing the performance of Vice President Jejomar Binay as a member of his Cabinet amid allegations of corruption against Binay and his family, Malacañang said on Sunday.

Posted: November 3rd, 2014 in Editors' Picks,Headlines,Nation | Read More »

Abad urges accountants to lobby high court on DAP

Florencio ''Butch'' Abad 2

Saying the Supreme Court ruling on the Disbursement Acceleration Program (DAP) could cripple the bureaucracy, Budget Secretary Florencio Abad Jr. asked the Association of Government Accountants of the Philippines Inc. (Agap) on Tuesday in Baguio City to lobby the Supreme Court into amending its July 1 decision that declared unconstitutional parts of the government’s stimulus scheme.

Posted: October 22nd, 2014 in Latest News Stories,Nation | Read More »

Gov’t to spend billions of funds for creation of Bangsamoro

Budget Secretary Florencio “Butch” Abad. Photo by RYAN LEAGOGO/INQUIRER.net

The Autonomous Region in Muslim Mindanao (ARMM) may be contributing so little to the country’s national treasury, but the government is willing to pour billions of funds to the region to help create the politically autonomous Bangsamoro entity.

Posted: October 7th, 2014 in Latest News Stories,Nation | Read More »