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The 5,947-page national budget package may be as thick as an encyclopedia set, but it has one fault: It doesn’t tell what happened to funds appropriated in the previous national budget. Senate President Pro-Tempore cited this weakness of the current budgeting system in pushing

The senator who introduced the amendment to raise to P82,000 the tax exemption cap for 13th month pay and other bonuses says the amount merely restores the value of the peso which has been lost to inflation since 1994. Sen. Ralph Recto, principal author of the bill increasing the