(BusinessWorld) A SENATOR on Thursday said he would propose a cut in President Ferdinand R. Marcos’ confidential funds for next year and require reports for better transparency.
“In due time, I will propose an amendment to reduce the confidential and intelligence funds given to the Office of the President, but I expect to be defeated,” Senate Minority Leader Aquilino Martin D. Pimentel III said in plenary.
“Let us see the reaction of the Office of the President, if they’re open and will welcome such a move,” he added.
Mr. Pimentel said 65% of the operating expenses of the presidential office, which has proposed a budget of P8.98 billion for next year, are allotted to confidential and intelligence funds worth P4.5 billion… Read More
