Over P500 billion of the proposed national budget are in the form - TopicsExpress

Over P500 billion of the proposed national budget are in the form of lump sums, or Special Purpose Funds that also include the Contingency Fund, Miscellaneous Personal Benefits Fund, and the Pension and Gratuity Fund. Former national treasurer and lead convenor of Social Watch, professor Leonor Briones, said the presence of lump sums in the government’s budget, especially for one that precedes the 2016 presidential elections, makes public fund even more vulnerable to corruption.

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