Despite discovering that more than 60 percent of this year’s expenditure had been exhausted by the previous administration, all in the first half of 2010, Malacañang refuses to ask for a supplemental budget.
Aquino said that he was unprepared to request a supplementary budget, as it may cause an impact on the country’s credit rating and financial gap.
The BIR and the BOC have been assigned to collect P830 billion and P280 billion, respectively, in hopes of keeping the budget deficit to a maximum of P300 billion.
Budget Secretary Florencio B. Abad said in a phone interview that spending was pushed since the Budget department under the preceding administration released the complete allotment for salaries for 2010 all at once.
President Aquino said that a lot of unnecessary expenses had been made, and that he cannot divulge the details without the proper facts.