Saturday, 27 September 2014 13:27
(BY: ATTY. BATAS MAURICIO) LIFE’S INSPIRATIONS: “… Your rulers are rebels, partners with thieves; they all love bribes and chase after gifts. They do not defend the cause of the fatherless; the widow’s case does not come before them…” (Isaiah 1:23, the Holy Bible).
SOMETHING WRONG & SINISTER WITH UNDERSPENDING: There must be something terribly wrong with the economic policies of the Aquino government, or there must be some people manipulating the economy for one sinister purpose or another, with many hoping that it is not for the raising of funds for the presidential elections in 2016.
Point one: the Asian Development Bank, ADB, is saying that the growth of Philippine economy for 2014 will be stunted and will not meet its 6.4% target. The bank said this is largely due to under-spending by the Aquino government—meaning, there is money, but President Aquino and his economic team are not pouring them on the projects already identified and earmarked to be funded and which would really push the economy to its targeted growth.
What is this? Why is the Aquino government clearly allowing itself to be unable to reach its target growth for 2014 when there is so much money for projects designed to improve the economy? Why is it refusing to spend for these projects? What is the intention of the Aquino government in holding on to the money?
IMPORTANT REASON FOR UNDERSPENDING? Point two: Finance Secretary Cesar Purisima has been quoted as saying that, as of August 2014, the government has in its possession some P30 billion or so money, representing 2014’s over-all budget surplus as of that month.
Wow! If we have this much money available for spending, why did we not spend them on the projects, programs or activities already approved under the 2014 General Appropriations Act, so that such a big amount of money could have contributed somehow to the government’s efforts to meet its target economic growth for the year?
What is the Aquino government reserving the money for? Surely, this government must have a very serious and important reason for not using such a big amount of money, something that hovers between life and death, perhaps of the entire Filipino nation. Will please someone clarify to our citizens now what is the government’s purpose for hoarding some P30 billion?
UNDERSPENDING UNDER PNOY & 2016 POLLS: Unfortunately, however, there is no justification or acceptable explanation for this. The fact is that, government hospitals and medical centers sorely need money to make their facilities and the services they offer to poor citizens responsive to their health needs. But many of these hospitals and centers remain unable to cater to our people’s medical requirements, to the extent that many are dying without being medically-attended to.
Then again, teachers and academic staff in our public schools, colleges and universities couldn’t even be given decent wages to keep their bodies and souls together. And so are other government workers, including the rank and file of the police and military establishments, prompting many of them to undertake criminal activities just to earn a little more.
Why, really, is the government hoarding and not spending P30 billion? Politics, as always, would seem to be the culprit here. It would appear that the government is trying to make sure it could generate funds for its anointed ones in the 2016 presidential elections. How are they going to do this? By granting emergency powers to Aquino so he could spend our money at will, without the usual bidding process. Well, well, well…
REMINDERS: Please tune in: “Tambalang Batas at Somintac”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m., simulcast, real time, over 1080 kHz in Dagupan City, 711 kHz in Naga City, 1260 kHz in Lucena City, 1224 kHz in Davao City, and worldwide, at www.eaglenews.ph; “Kakampi Mo Ang Batas”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; and “Kakampi Mo Ang Batas” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m. -30-
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