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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 o… - Francis Escudero
" "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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Additional quotes by Francis Escudero
I laud the Supreme Court for its decision to allow Sen. Grace Poe to run for president in the May 9 national elections. The Supreme Court once again sided with the rule of law in upholding the petition of Sen. Grace to reverse the partisan, biased and unfounded decision of the Commission on Elections disqualifying her from the presidential race. The decision of the Supreme Court is not only a victory for Sen. Grace but a victory for other foundlings who aspire to seek for higher office in order to serve the country. This is a great day for the Filipino people.
I believe that it behooves me to step down at this juncture to ensure that deliberations on the General Appropriations Bill (GAB) — considered the single most important piece of legislation passed by Congress each year — are untainted by suspicions or perceptions of partisan politics. It is, Mr. President, what propriety requires; it is, I believe, what our people expect from us all: delicadeza.
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