Repost: How much is our national budget this year? It’s a staggering 2.3 trillion pesos that is equivalent to 52 billion US dollars. Would you believe that the so-called “Water Discharge Tunnel” in Tokyo, Japan that protects them from flooding, which was built for 13 years according to CNN nearly cost 3 billion US dollars and that is only around 6% of our national budget? Think about this, the combined cost of damages brought about by the two tropical cyclones reached Php 38 billion of which a little over Php 11 billion came from Ondoy and Php 27 billion from Pepeng or equivalent to 868 million US dollasr and the thousands of lives lost due to this flooding. Now you do the math on the billions of pesos that our greedy politicians pocketed from the people’s money for several years. Do you think we should have been able to build this kind of flood control system? Hmmmm!!! Your guess is good as mine.
Posted on: Wed, 21 Aug 2013 10:12:44 +0000
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