Pimentel worried by undefined P150-billion SipSP fund

Aquilino Pimentel III. STORY: Pimentel worried by undefined P150-billion SipSP fund

Minority Leader Aquilino “Koko” Pimentel III, during one of the joint hearings in the Senate. Screengrab / Senate PRIB

MANILA, Philippines — Senate Minority Leader Aquilino “Koko” Pimentel III said on Saturday that he was worried by the lack of details on the proposed P150-billion “Support for Infrastructure Projects and Social Program (SipSP).”

Pimentel said lump sum items give the executive carte blanche authority to spend the money in whatever they want.

He questioned the fund that is lodged under the P588.1-billion unprogrammed funds of the P5.2-trillion National Expenditure Program (NEP) for 2023.

Aside from SipSP, other items in the unprogrammed funds include the following:

Since the proposed funding is under unprogrammed appropriations, Pimentel is concerned that the government’s only recourse will be to engage in more borrowings.

—MELVIN GASCON

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