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By Nelson S. Badilla
For Variety
$909M budget
deficit
MANILA The Department
of Finance says the government incurred a 40 billion pesos, or $909 million,
budget deficit during the first nine months of this year.
But it said the shortfall was smaller than the projected deficit of 54
billion pesos, or $1.2 billion.
Finance Secretary Margarito Teves said they expect the deficit to rise
to no more than 63 billion pesos, or $1.4 billion, by the end of this
year.
He said this is a better-than-expected fiscal performance
which is due mainly to lower than program spending which is primarily
accounted for by savings in interest payments.
He added, There is a need to further strengthen our revenue collection
efforts. ... We are also pursuing privatization to ensure that we will
be able to raise the needed revenues
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Weak impeachment
complaint will be withdrawn
MANILA Attorney Roberto Rafael Pulido says he is ready to
give up his weak impeachment complaint against President Gloria
Macapagal Arroyo if the opposition could file a stronger complaint.
I dont know why the opposition waited until the last minute
to decide to file a case. Nevertheless, the important thing is that the
case will push through, he said.
Former Senate President Ernesto Maceda, now a spokesman of the United
Opposition, told the press that they will file a real impeachment complaint.
Under the law, the House of Representatives can only accept one impeachment
complaint a year.
Pulido denied that he intentionally filed the weak impeachment complaint
that opposition Rep. Rufus Rodriguez wants the Supreme Court to nullify.
Arroyo orders
bribery probe
MANILA President
Gloria Macapagal Arroyo has ordered an investigation into the doling out
of cash gifts to lawmakers and local officials who attended
a meeting at the presidential palace.
Malacañang earlier dismissed the bribery issue as a non-issue.
Presidential Spokesman Ignacio Bunye this time said the Presidential Anti-Graft
Commission will conduct a thorough investigation that aims
to identify the persons who gave out the money, and the source of the
funds.
Some local officials who received the money said palace staff members
handed them paper bags with cash inside.
Bunye earlier said that there is nothing wrong with receiving a
donation, provided it is put to good use.
The Catholic Bishops Conference of the Philippines expressed concern over
these bribe offers.
Our country is not only suffering from economic bankruptcy but also
moral bankruptcy, disappointingly being shown by our leaders, said
Jaro Archbishop Angel Lagdameo, the CBCP president.
Maj. Gen. Ben Dolorfino, the Marine commandant, said soldiers have also
been affected by the controversy.
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