House Committee on Appropriations Chairman and Ako Bicol Party-list Rep. Zaldy Co foresees "improvements" in the country’s gross domestic product (GDP) during the latter part of the year, thanks to the easing of Covid-19 restrictions.
Ako Bicol Party-list Rep. Zaldy Co addresses the House pl
It took only three minutes for the House of Representatives to terminate the budget deliberation for the Presidential Management Staff (PMS) out of courtesy for their former colleague, former Manila 3rd District Rep. Zenaida Angping, who is now the PMS chief.
Presidential Management Staff (PMS)
The House of Representatives has begun the period of sponsorship and debates on the 2023 General Appropriations Bill (GAB).
Ako Bicol Party-list Rep. Zaldy Co (Screenshot from Facebook live)
Ako Bicol Party-list Rep. Zaldy Co, chairman of the House Committee on Appropriations, delivere
House Committee on Appropriations Chairman Ako Bicol Party-list Rep. Zaldy Co reminded his solon-colleagues on Monday, Sept. 12 not to forget about the other challenges confronting the the health sector aside from the ongoing threat of Covid-19.
Ako Bicol Party-list Rep. Zaldy Co (center)
ALBAY 2
nd District Rep. Rep. José María Clemente S. Salceda filed a bill on Wednesday that seeks to reform the pension system of uniformed personnel and address the ballooning liability, which currently stands at P9.6 trillion. Mr. Salceda filed House Bill No. 8593, titled Unified Military and Uniformed Services Personnel Separation, Retirement, and Pension Act. “P9.6 trillion is half of our GDP (gross domestic product). Any pension liability that covers half of your economy is trouble. And the problem will only get bigger if we don’t solve it now,” he said, citing the amount from a study by the Government Service Insurance System (GSIS). Mr. Salceda explained that the problem with pension costs for military and uniformed personnel (MUP) is that “there is no pension fund to speak of.” He added, “It’s always a budget item. It will eventually eat up the budget unless we can find ways to defer the liabilities and keep some funds in trust.” MUPs’ pensions are also u