Use it or lose it: House approves budget reform bill

ABS-CBN News

Posted at Mar 23 2018 12:39 PM | Updated as of Dec 15 2018 08:18 PM

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MANILA - A law pending in Congress seeks to hasten public spending by halving the 2-year lifespan of appropriations, its author said Friday.

Under the Budget reform Bill, contractors are required to finish projects within one year, said Davao City, Rep. Karlo Nograles, who also chairs the House committee on appropriations.

"We’re trying to push for fiscal responsibility and fiscal discipline in terms of the budgeting process," Nograles told ANC.