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.

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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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There are those who would say that it is unfortunate that his campaign for the presidency did not turn out like one of his movies--for in 2004, it appeared that the villains had won the day. As his spokesperson then, I know that he would have told us not to lose hope for, like in the movies, good will ultimately triumph over evil.
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Increasing research and development budget to 5 percent of the agricultural production (GVA=P1.17trillion) would bring about better varieties and more efficient farming methods which would increase yields and give the farmer higher incomes even while farmgate prices go down to benefit the consumer.
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