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Sunday, October 14, 2007 |
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Hopes pinned on ’08 budget
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ECONOMISTS have expressed optimism that the
Philippines may attain economic growth target next year given a
higher outlay to prop up the economy.
Victor Abola, economics professor at the
University of Asia and the Pacific, said the country is likely to
meet the economic growth target of between 6.1 percent and 6.8
percent next year given the increased spending for public and
private sectors.
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O T H E R R E P O R T S
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Budget spells out government’s priorities
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For 2008, the Palace has proposed to Congress a
P1.227-trillion national budget, the highest in history.
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How a bill becomes a law
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1. Preparation of the bill
The member of the Bill Drafting Division of the reference and
research bureau prepares the bill...
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Civil society helps craft 2008 budget, eyes debt
servicing
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First of two parts
A political experiment has been progressing, in
the past two years, with civil society groups helping craft the
national budget.
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ANALYSIS
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Palace, not Congress, holds power of the purse
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Congress prides itself in wielding the so-called
power of the purse—or the power to appropriate. This congressional
power is now a myth.
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