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Sen. Ralph G. Recto’s Sponsorship Speech on the Proposed 2012 General Appropriations Act  Mr. President: Before I dwell on some specifics of next year’s budget, let me take a great leap backward and discuss some details of the national budget 100 years ago. Although a

Sen. Recto, vice chairman of the finance sub-committee C, takes the stand to defend the proposed 2012 budget of the National Economic Development Authority (NEDA) during yesterdayís marathon hearing on the budget. In attendance are officials of NEDA and attached agencies led by