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This is where I would like to bring up the subject of equity. Economic statistics show that although there has been GDP growth over the past 23 years… - Francis Escudero
" "This is where I would like to bring up the subject of equity. Economic statistics show that although there has been GDP growth over the past 23 years, the number of families living in poverty has increased - up to about 5 million families or 27.6 million people. This demonstrates that benefits of that growth have accrued to the wealthy. The rich have gotten richer and the poor have gotten poorer. This is clearly unacceptable to all of us.
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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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General Public Services will acquire the next highest share at 16.2%, followed by Debt Burden which will obtain 15.3% of the total budget. Although the Defense Sector will get the lowest share at 4.4%, it will reflect the highest percentage increase at 29% inclusive of an additional P25.988 billion for the General Headquarters, AFP, AFW-Wide Service Support units for its modernization program and an additional P9.497 billion to be sourced from the Miscellaneous Personnel Benefits Fund (MPBF). Let me now proceed Mr. President to the House-approved Budget or the General Appropriations Bill.
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