Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

VP’s office asked to give up P500-M confidential fund  

VICE President and Education Secretary Sara Duterte-Carpio (seated in front) attends the 2023 budget hearing for the two offices on Sept. 22 at the House of Representatives. — OFFICIAL FACEBOOK PAGE OF INDAY SARA DUTERTE

A LAWMAKER on Thursday asked the Office of the Vice-President (OVP) to give up a P500-million confidential fund under its 2023 proposed budget, which could be reallocated to other agencies whose appropriations have been cut due to financial strain in public funds.   

“Could the distinguished sponsor ask the honorable (Vice-President Sara Duterte-Carpio) if she is willing to forego (her office’s) confidential funds,” Albay Rep. Edcel C. Lagman said during plenary debates at the House of Representatives.   

Earlier this month, OVP Spokesperson Reynold S. Munsayac said confidential funds would be used for programs related to peace and order and national security.   

Davao de Oro Rep. Maria Carmen S. Zamora, sponsor of the OVP’s 2023 budget, said the vice-president would be able to make full use of the funds to assist President Ferdinand R. Marcos, Jr. and the other offices under the executive department.   

Ms. Duterte later told Ms. Zamora she will defer to the decision of Congress on the confidential fund.   

The OVP will receive P2.3 billion in the 2023 National Expenditure Program, 228.4% higher than this year’s budget of P702,035. — Matthew Carl L. Montecillo

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...

Forex

At a time when the world is battling to get through the dreaded coronavirus pandemic, protective face masks have come out to be the...

Economy

Few individuals can resist the temptation to try before they buy; therefore, it was only a matter of time until online casinos realized this...

Editor's Pick

BEWARE the “lessons of history” as drawn by charlatans, ignoramuses, or tyrants, for they will be daft, wrong, and possibly disastrous. The self-serving amateur...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.