Press Release
May 11, 2009

CHIZ: MAXIMUM SPENDING FOR 2010 PREXY IS P600 MILLION

Opposition Sen. Chiz Escudero said yesterday that anyone who spends more than P600 million in the presidential election in 2010 will be violating the law.

He reiterated that he does not intend to spend more than what is stated in the law should he decide to run for president in 2010.

"The law says one can spend only P10 per voter. If there are 40 million voters, then one needs P400 million. The party can contribute another P200 million. Thus, spending beyond that would be a violation," he stressed during the ANC Leadership Forum.

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