As the year draws to a close, the Congress of the Philippines is once more mandated by the Constitution to enact a national budget for the ensuing ye… - Francis Escudero

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As the year draws to a close, the Congress of the Philippines is once more mandated by the Constitution to enact a national budget for the ensuing year. Section 29(1), Article VI of the Constitution provides that “No money shall be paid out of the Treasury except in pursuance of an appropriation by law.” And so today, Mr. President, I rise to sponsor, as Chairman of your Committee on Finance, the General Appropriations Bill for Fiscal Year 2015.