Press Release
December 16, 2009

BUDGET WILL BE PASSED WITHIN THE WEEK - ANGARA

Despite initial hurdles in the bicameral conference yesterday, Senator Edgardo J. Angara said Congress is still on the right track and on schedule for passing the 2010 budget within the week.

"We are working overtime towards the passage of the 2010 budget, we are doing our best to consider vital points and hear all of the concerns. The last thing we want is a re-enacted budget" said Angara who chairs the Senate Committee on Finance.

Among the contentious points raised during the Bicam were the 1B cut from ARMM budget, the recommended cut of 111M in the Judiciary and 25M recommended cut from debt service. "These are the potential controversial items, but I'm sure it can be reconciled and I don't see any potential deadlock," said Angara.

Further, Angara said that the Senate committed to pass the budget by Thursday to ensure that the budget will be ratified by Friday before the Congress goes on recess.

"By passing the 2010 budget on-time, we are expected to provide a comprehensive stimulus package for our people and the economy as a whole. This holds true since we crafted the budget and aligned it to focus on job creation, infra spending and human capital investments,' said Angara.

The House and Senate panel will meet again tomorrow to settle their disagreements and polish the 2010 budget for ratification.

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