The President’s proposed budget for FY 2015 under the N.E.P. or the National Expenditure Program amounts to P2.606 trillion, reflecting an increase o… - Francis Escudero

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The President’s proposed budget for FY 2015 under the N.E.P. or the National Expenditure Program amounts to P2.606 trillion, reflecting an increase of P341.372 billion or 15.07% higher than the Fiscal Year 2014 budget. It is anchored on a real GDP projection of 7-8%, an inflation rate of 2-4%, 364-day T-Bill rate of 2-4%, and a foreign exchange rate of P42-45 to the dollar.

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About Francis Escudero

Francis Escudero (born October 10, 1969) is a Filipino politician.

Also Known As

Alternative Names: Chiz Escudero Francis Joseph G. Escudero
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• A new Special Provision under the Unprogrammed Fund providing appropriation cover for the release of funds previously deposited in the Bureau of Treasury for the Implementation of Remedies, including safeguard measures pursuant to R.A. No. 8800, the Safeguard Measures Act of 2000.

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The 92-page court en banc decision penned by Justice Lucas P. Bersamin ruled that there are three (3) acts and practices under the DAP which are deemed “UNCONSTITUTIONAL for being in violation of Section 25(5), Article VI of the 1987 Constitution and the doctrine of separation of powers.”

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