I am tempted to write as the title of this week’s column the phrase “passing the buck”.
The
national government budget (for 2006, it is proposed to be P1 trillion)
is an important determinant of our socio-economic progress.
Budget
means funds for programs and projects worth several hundred million
pesos distributed all over the country. It is the fuel that enables
government to run like a well-oiled machine.
What then has
passing the buck got to do with “passing the budget”?
Passing the buck is giving to others what one is supposed to do. It is
like passing the ball in a basketball game. A player gives the
responsibility (of scoring) to another player.
The same thing
could hold true to the budget. The process of budget review and
approval involves many players mainly the executive and legislative
branches of government.
The passage of the budget could be
stalled in Congress. Last year, the Senate surprised everybody,
especially the House of Representatives, by passing the budget without
any change, thus signifying its complete agreement with the executive
branch headed by the President. It was unprecedented. The
budget’s passage was not stalled.
This year the Senate is
not going to do the same thing. The budget’s approval is already
delayed by a month and it could even be delayed by another month. The
prospect of a “reenacted” budget looms in the horizon.
A
reenacted budget is “bad news”. Our national economic
planners believe that the delay and the reenacted budget could slow
down growth from the target of at least 5.7 to 6.3 percent to a maximum
of 5.3 percent. This is due to the fact that government spending under
the 2005 budget is 14.7 percent lower than the proposed 2006 budget.
If this happens, who would be caught holding the “buck” or the “ball”?
In either case, the country suffers.
So, please stop passing the buck and/or stop passing the ball. It is time to shoot and score.