The Malampaya fund being totally empty, is a compelling reason also for Noynoy not to let go of the fund since putting it in the budget and subjecting it to Congress’ scrutiny may open a can of worms that the Palace badly wants hidden. Still, the revelations that a fund as big as the royalties the government receives from the highly-profitable energy project can disappear in thin air is enough reason for Congress to demand that it be placed in the budget. The dried up Malampaya fund is also the best argument for the people’s movement to demand the removal of all of Noynoy’s discretionary funds to be stepped up.
Posted on: Wed, 23 Oct 2013 01:39:37 +0000
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