Michael Apacible Bulletin

  Aquino’s Legacy: P1 Trillion in the Coffers, A Testament to Magnificent Leadership The transition of power in 2016 marked a significant moment in Philippine history. As President Benigno "Noynoy" Aquino III ended his term, he left behind not just a nation that had experienced stable economic growth, but also a fiscal legacy that would serve as a foundation for the succeeding administration. The Aquino administration, through its sound financial management and prudent fiscal policies, left the Duterte government with over P1 trillion in budget allocations—an undeniable testament to Aquino’s commitment to responsible governance. A Well-Planned and Well-Funded Transition The Department of Budget and Management (DBM) revealed that when the Duterte administration took over, P1.02 trillion worth of notices of cash allocation (NCA) had been issued to various state offices in the first half of 2016. This meant that nearly 50% of the P2.07 trillion budget for departments and special...

  House Panel Prepares for Impeachment Proceedings Amid ICC Warrant Rumors Opening Remarks and Initial Discussions The House Committee on Public Accountability, led by Manila Third District Representative Joel R. Chua, held a press briefing to address developments related to the upcoming impeachment proceedings. Rep. Chua expressed gratitude for the presence of the media and assured the public that the committee remains committed to transparency and due process. He also confirmed that Janet Getting, who was expected to attend, had to prioritize an emergency meeting but promised to hold a Zoom press conference within the week. Preparations for the Prosecution Panel During the briefing, a reporter inquired about the House’s request for a designated room in the Senate for the prosecution panel. Rep. Chua explained that this request is part of their logistical preparations to ensure an efficient workflow. The requested space would serve as a work area for their team, allowing them to f...

  Pilipinas, Mula sa Nangutang Patungo sa Nagpapautang:  Ang Isang Bilyong Dolyar na Pautang sa IMF Mula sa Pagkakautang Patungo sa Pagpapautang Sa loob ng apat na dekada, ang Pilipinas ay umasa sa International Monetary Fund (IMF) para sa tulong pinansyal. Ngunit sa makasaysayang pagbabago ng papel ng bansa sa pandaigdigang ekonomiya, ngayon ay ang Pilipinas na mismo ang nagpapautang sa IMF. Aabot sa isang bilyong dolyar, o halos P42 bilyong piso, ang kontribusyon ng bansa sa pondong gagamitin ng IMF upang matulungan ang mga bansang dumaranas ng matinding krisis pinansyal sa Europa, tulad ng Gresya, Ireland, Romania, at Portugal. Katwiran ng Administrasyong Aquino Sa kabila ng mga batikos, hindi maikakailang nakamit ng administrasyong Aquino ang isang makasaysayang tagumpay sa pagpapalakas ng ekonomiya ng Pilipinas. Sa ilalim ng kanyang pamamahala, matagumpay na napigilan ang talamak na korapsyon, na nagresulta sa mas mataas na tiwala ng mga lokal at dayuhang mamumuhunan. Dah...