Co reiterates unprogrammed funds are legal, meant for emergencies
MANILA, Philippines --- Ako Bicol party-list Rep. Elizaldy Co has maintained that the presence of unprogrammed funds in an annual budget is legal and intended for emergencies, amid fears by minority lawmakers that the 2024 General Appropriations Act (GAA) might be unconstitutional. Co in a statement on Thursday explained that unprogrammed funds cannot also be counted as part of the National Expenditure Program (NEP) because these are just standby funds or projects that will be funded if the government has savings, surplus revenues, or if the target income is exceeded. "Hindi yan obligasyon o kontrata. Hindi siya part ng NEP, hindi siya part ng programmed funds," Co, w...Keep on reading: Co reiterates unprogrammed funds are legal, meant for emergencies
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