Despite the illegal and ill-conceived Disbursement Acceleration Program (DAP), the Aquino III administration has underspent by close to P600 billion from 2011 up to the third quarter of 2014. Imagine the opportunity costs of such underspending. Had the Executive Department implemented the budgets more effectively, more jobs could have been created, poverty could have been alleviated, and the incidence of hunger could have been reduced. The Aquino III administration’s history of underspending is legendary. The 2014 third quarter fiscal numbers suggest that the extent of underspending had worsened. Is this a case of gross incompetence or poor budget planning? With the huge backlog in public infrastructure, deepening poverty, and stubbornly high joblessness, it is unconscionable for the Aquino III administration not to be able to spend what little has been authorized by Congress. With so much incompetence and illegalities going around in President Aquino’s official family, a growing number of Filipinos are asking for some heads to roll. Regrettably, the odds that such bloodletting would take place are close to nil. tribune.net.ph/headlines/is-the-rising-government-under-spending-due-to-ineptitude-or-poor-budget-planning 10 November 2014
Posted on: Sun, 09 Nov 2014 17:57:22 +0000
Trending Topics
Recently Viewed Topics
© 2015