INQUIRER.net: Ex-national treasurer calls for scrapping of P450B Presidential pork barrel

INQUIRER.net Philippine News for Filipinos

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Ex-national treasurer calls for scrapping of P450B Presidential pork barrel Aug 22nd 2013, 00:42 MANILA, Philippines—Suspending the "pork barrel" or scrapping it altogether is good, but why not slay the bigger monster in the annual national budget?   That creature would be the "special purpose funds" (SPF) of President Aquino which, at P449.95 billion, eat up about a fifth of the entire P2.268-trillion budget proposed for 2014.   The present subject of widespread public outrage—the Priority Development Assistance Fund (PDAF), or pork barrel—is only about 5.5 percent (or P25.24 billion) of the incoming SPF, according to former National Treasurer Leonor Briones.   "But it's a good start because we need to start somewhere anyway," sh... Keep on reading: Ex-national treasurer calls for scrapping of P450B Presidential pork barrel

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