c) Decreased cost due to improved efficiency during the implementation or after the completion of the P/A/P; and - Francis Escudero

• Increase of P300 million for the Modernization Program and Faculty Development of the Philippine Normal University;

First, Mr. President, distinguished colleagues, the facts. About a year ago, the legislative mill nearly came to a halt when the Supreme Court decision on the unconstitutionality of the Priority Development Assistance Fund (PDAF) or the pork barrel system radically altered the budget landscape. Declared as unconstitutional by the High Court were the following, and I quote:

IMF's Lagarde has no business in even suggesting that we impose a tax on text. I am against it and will oppose it! Our house is in order. If at all, she should make suggestions to her fellow Europeans who can perhaps learn a thing or two from us. Proud to be Filipino!