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Sec. Robredo: Better use money for projects than deposit it in the bank

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Department of Interior and Local Government (DILG) Secretary Jess Robredo yesterday said it is better to spend the money implementing projects than keeping it in the bank where it does not benefit the people.

Secretary Robredo's statement developed after radio commentators - Gil Climaco and Jimmy Villaflores of Radyo Mo Natiowide (RMN) - raised questions regarding the city government's P2.7 billion that has been deposited in the bank.

Although he admitted it is also good for the local government to be financially sound, he stressed that it would be far better to use the money for the much needed projects that will redound to the benefit of the city's constituents.

"Tama po...kung may natitirang pera...pero hindi naman po tama kung masyado siyang malaki (that is right...if there is money left... but it is not good if that is very big)," the DILG chief added.

Zamboanga City is known to the public as one of the richest local government units in Mindanao. Its incumbent chief executive, Mayor Celso Lobregat has been cited for his outstanding leadership and good fiscal management.

Some local economic managers here considered Lobregat's leadership and fiscal management as "extraordinary" which abled the city government to fund infrastructure projects amounting to over a billion pesos in 2008.

By  Hader Glang



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0 #1 bambi 2011-03-02 17:05
:lol: Good fiscal management hak hak hak ya man blamed pa gane si Lobregat con el antes administrasyon cay cuando ya sinta daw ele nohay mas ya dinero el mi La Bella, pero ya ulbida si Celso cay el suyo nana, si Caling, el quien ya sinta como alcaldesa hak hak hak. Donde man ta guinda el intelligence funds, y el otro pa miscellaneous funds? :D
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