Drilon to Aquino: Monitor government spending plan-A A +A
Tuesday, August 19, 2014
THE government should monitor the disbursement of funds of the Department of Budget and Management (DBM) to different agencies to curb underspending, Senate President Franklin Drilon said Tuesday.
Drilon said President Benigno Aquino III has to comply with the expenditure program of the DBM and the decision of the Supreme Court on the controversial Disbursement Acceleration Program (DAP).
“We are also concerned that the government spending has only grown by two percent during the first quarter of 2014, as compared to the 10 percent in the first quarter of 2013,” he added.
Drilon said the national budget constituted 18 percent of the economy, which grew 5.7 percent in the first quarter this year from 7.7 percent in the same period in 2013.
“The challenge therefore to the Aquino administration is how to accelerate spending, and at the same time, complying with the Supreme Court decision (on the DAP),” Drilon said.
Monitoring the funds’ disbursement would achieve the program of government spending and would contribute to the expansion of the economy, he added.
Drilon said the Senate would sustain the “oversight functions” needed to monitoring government expenditures program. (Ruth Abbey Gita/Sunnex)