Senator Loren Legarda said that the proposed 2017 National Budget worth P3.350 trillion will help deliver the change that Filipinos want.
“Our proposed 2017 budget sets bold plans to meet not just today’s needs, but one that looks beyond 2017, one that contributes to delivering long-term solutions to the country’s long-term problems,” said Legarda, Chair of the Senate Committee on Finance, during her sponsorship speech on the proposed 2017 General Appropriations Act (GAA).
SPONSORSHIP SPEECH
SEN. LOREN LEGARDA
FY 2017 GENERAL APPROPRIATIONS ACT
November 14, 2016
Mr. President, Distinguished Colleagues:
We live in extraordinary times and we are going through an extraordinary time of change.
It is therefore my honor to present to you our proposed 2017 budget that sets bold plans to meet not just today’s needs, but one that looks beyond 2017 – one that contributes to delivering long-term solutions to the country’s long-term problems.
The P3.350 trillion proposed National Budget for […]
Senator Loren Legarda today said that the proposed 2017 National Budget worth P3.350 trillion will help deliver the change that Filipinos want.
“Our proposed 2017 budget sets bold plans to meet not just today’s needs, but one that looks beyond 2017, one that contributes to delivering long-term solutions to the country’s long-term problems,” said Legarda, Chair of the Senate Committee on Finance, during her sponsorship speech on the proposed 2017 General Appropriations Act (GAA).
Senator Loren Legarda said the country’s membership in the Asian Infrastructure Investment Bank (AIIB) would help achieve its growth targets through accelerated infrastructure spending.
Legarda, who chaired the Senate Committee on Foreign Relations’ hearing on the Articles of Agreement of the Asian Infrastructure Investment Bank, said, as the Duterte administration aims to increase infrastructure spending of up to 7% of gross domestic product (GDP), membership in the AIIB will give the country additional source of financing for major capital investment projects of the government and the private sector.
Opening Statement of Senator Loren Legarda
Committee on Foreign Relations
Subcommittee on the Agreement of the
Asian Infrastructure Investment Bank (AIIB)
10 November 2016, Recto Room
Good morning and welcome to today’s hearing of the Senate Committee on Foreign Relations on the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB).
Similar to the Asian Development Bank and the World Bank, the AIIB is a multilateral lending institution first proposed by Chinese President Xi Jinping and Premier […]
