Connect with us

Hi, what are you looking for?

News

Senator says presidential office’s intel funds should be reduced by P2.25 billion

PRESIDENT Ferdinand Marcos, Jr. presides over the cabinet meeting at the Aguinaldo State Dining Room in Malacañang Palace, Manila on Tuesday, October 25, 2022. — REVOLI CORTEZ/PPA POOL

A SENATOR on Thursday said he would propose a cut in President Ferdinand R. Marcos’ confidential funds for next year and require reports for better transparency.

“In due time, I will propose an amendment to reduce the confidential and intelligence funds given to the Office of the President, but I expect to be defeated,” Senate Minority Leader Aquilino Martin D. Pimentel III said in plenary.

“Let us see the reaction of the Office of the President, if they’re open and will welcome such a move,” he added.

Mr. Pimentel said 65% of the operating expenses of the presidential office, which has proposed a budget of P8.98 billion for next year, are allotted to confidential and intelligence funds worth P4.5 billion.

“Why should the Office of the President be given intelligence funds of P2.25 billion when there are already existing intelligence agencies and units which can serve its intelligence needs?” he asked.

“The buck stops with him,” Senator Juan Edgardo M. Angara, who heads the finance committee, said in response. “If there is one person who needs access to good intelligence or information in the whole country, then I think there should be no argument that it is our president because he’s responsible.”

“Given we are an archipelago with 7,000 islands, with so many dialects, so many regional aggrupations, so many kingpins… who try to exert their will in their areas of jurisdiction or power, then the president, to maintain power, really has to have reliable information.”

Mr. Pimentel said the presidential office should give up P2.25 billion to other intelligence agencies.

“My concern is that we have to trust the government constitutional scheme or administrative setup,” Mr. Pimentel said. “We have practitioners, experts in that field who have been doing this for decades. Because my fear is with the P2.25 billion, you will make your own layer.” — Alyssa Nicole O. Tan

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

TikTok is expected to ride out the advertising slowdown, as the Chinese-owned social media titan becomes an outlier to the wider industry slowdown. According...

Editor’s Pick

The average start-up loan has fallen over 138 percent in the past year to just over £142k, from £339k in 2021. Thats according to...

Editor’s Pick

The government risks “sleepwalking” into a food supply crisis unless it provides crucial support for British farmers struggling with the soaring cost of fuel,...

Editor’s Pick

Britain’s retailers benefited from a November sales boost fuelled by Black Friday discounts and colder weather as consumers bought winter coats, hot water bottles...

Editor’s Pick

The biggest sector of the economy remained in a downturn last month as new orders continued to fall owing to the cost of living...

News

1 of 2 AL WAKRAH, Qatar — Goalkeeper Dominik Livakovic saved three spot-kicks as Croatia beat Japan 3-1 in a penalty shootout to reach...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.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 Respect Investment. All Rights Reserved.