Veto ‘possible’ on P50-B debt service shift
By Joel Guinto
First Posted 12:05:00 03/05/2009
MANILA, Philippines – There is a “possibility” that President Gloria Macapagal-Arroyo might veto Congress’ realignment of P50 billion from debt servicing to the economic stimulus package in the 2009 budget, Budget Secretary Rolando Andaya Jr. said Thursday.
But Andaya said that this was a “normal occurrence” every year when asked about the possible vetoes to the General Appropriations Act.
Asked how many provisions could be vetoed in this year’s budget, Andaya said: “Hindi ko masabi [I can’t say yet].”
Andaya said he would finish a review of the budget as approved by Congress by next week, after which, he would submit the measure to the President.
“The deadline is March 15 for her to sign it,” Andaya told reporters at the Bureau of Customs in Manila, where the President inspected the implementation of the Anti-Red Tape Act of 2007.
The President talked with three customs brokers and agents, who told her that transactions there now took four to five days, instead of four months.
She also inspected the solid waste management facility there as part of her duties as environment “czar.”
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