Gov’t to spend P2.17 billion a day in 2014 for debt service

08 August 2013, Comment are Off
Government’s interest and principal payments on its debts will reach P791.5 billion next year, or a daily disbursement rate of P2.17 billion, Senate President Pro Tempore Ralph Recto said. While debt service will climb to an all-time high next year, “the good news is that share...

Recto : Tap P7.5 B Calamity Fund to help Mindanao areas hit by floods, bombings

07 August 2013, Comment are Off
Mindanao areas battling both natural and man-made calamities of flooding and bombings should receive national aid in the form of releases from the P7.5 billion Calamity Fund, Senate President Pro Tempore Ralph Recto said today. While popularly known as the source of aid in times...

Recto calls for mandatory CCT enrolment of homeless, relocated estero dwellers

05 August 2013, Comment are Off
How do you prevent resettled Metro Manila estero residents from returning to their old dangerous dwellings? Enroll them in the government’s conditional cash transfer (CCT) program with the added condition that they can only receive the monthly stipend for as long as they stay put...