Marcos Jr. short of funds for 1st six months – Lagman

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MANILA, Philippines — Veteran lawmaker Rep. Edcel Lagman of Albay expressed concern on Saturday that the incoming administration of presumptive President Ferdinand “Bongbong” Marcos Jr. may

not have the funds it will need for priority projects, because the outgoing Duterte administration has already disbursed 90 percent of this year’s budget although it is still the first half of the year.

By releasing 90 percent of the budget, the Duterte administration is assured that its projects will continue, at least for this year, but it also deprives the incoming administration of cash it might need over the next six months. The “Bayan Bangon Muli” bill is a play on the initials of Marcos Jr., who is Romualdez’s first cousin.Earlier this week, the House majority leader said the BBM bill will help the incoming administration tap available resources in this year’s budget for pandemic response.

Romualdez said the BBM stimulus bill and the postponement of the barangay and Sangguniang Kabataan polls were likely to be part of the lower chamber’s priority list of measures.

 

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