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House to slash supplemental budget by P23B

Photo by Ryan Leagogo / INQUIRER.net

The House of Representatives plans to trim down the P23.3-billion supplemental budget being sought by Malacañang to partially pay contractors of projects bankrolled by the outlawed Priority Development Assistance Fund (PDAF) and Disbursement Acceleration Program (DAP).

Posted: November 28th, 2014 in Editors' Picks,Latest News Stories,Nation | Read More »

Aquino: Levy is for farmers

PRESIDENTIAL ASSURANCE President Aquino meets on Wednesday with coconut farmers who marched from Davao City starting on Sept. 21, the 42nd anniversary of martial law, to Malacañang. He assured them that the government is on their side and supports their efforts to recover coco levy funds. GRIG C. MONTEGRANDE

Their long walk to Malacañang did not exactly go to waste. Assuring coconut farmers that the government was “on your side,” President Benigno Aquino III on Wednesday threw his support behind a bill outlining how they would directly benefit from P71 billion in taxes collected from them during the Marcos regime.

Posted: November 27th, 2014 in Editors' Picks,Headlines,Latest News Stories,Nation,Nation | Read More »

Abad: Budget free of pork

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Budget Secretary Florencio Abad.  INQUIRER FILE PHOTO / GRIG C. MONTEGRANDE

Budget Secretary Florencio Abad insisted Tuesday that the proposed national budget for next year was free from pork barrel, despite Sen. Miriam Defensor-Santiago’s allegation that it included P37.3 billion in lump-sum appropriations.

Posted: November 26th, 2014 in Editors' Picks,Headlines,Nation | Read More »

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 »