Higher 2012 social, economic budgets proposed
June 21, 2011
By Katrina Mennen A. Valdez, Reporter
THE Department of Budget and Management (DBM) said the Aquino administration has proposed a substantial increase in the funding for social and economic services in next year’s proposed national budget.
“The social services sector will continue to receive the lion’s share of more than 30 percent of the national budget, or more than P500 billion. To support escalated efforts for social protection, basic education and public healthcare, the sector will receive a budgetary increase of 8 [percent] to 12 percent,” DBM Secretary Florencio Abad said in a statement.
“To support rapid, inclusive and sustained economic growth, the economic services sector will receive about a quarter of the total budget, or more than P400 billion. In particular, infrastructure and other capital spending will be increasing by more than 20 percent,” he said
The budget chief said they will stick to the 2012 expenditure plan’s increase of 8 percent to 12 percent year-on-year, adding that this would still be consistent with the government’s intention to reduce the fiscal deficit from 3.2 percent of gross domestic product this year to 2.6 percent next year.
Abad also said that the share of the debt burden in the national budget will be reduced by about 2 percentage to 4 percentage points from 22.6 percent this year.
Absolute figures may be released to the public after President Benigno Aquino 3rd and the Cabinet approve the proposed 2012 General Appropriations Bill, which will be submitted to Congress after the State of the Nation Address on July 26.
Abad said the proposed 2012 national budget will achieve greater funding focus on the five key result areas of the Aquino Social
Contract, namely anti-corruption, and transparent, accountable and participatory governance; poverty reduction and empowerment of the poor; rapid, equitable and sustained economic growth; just, inclusive and lasting peace and the rule of law; and integrity of the environment, and climate change mitigation and adaptation.
The budget chief said the administration continues to use the zero-based budgeting approach to reduce or even eliminate funding for programs and projects that were identified to be irrelevant, inefficient or unaligned with the KRAs.
Source: http://www.manilatimes.net/business/higher-2012-social-economic-budgets-proposed/
Tourists from Asia, America and Europe arrives in Clark Philippines looking for the best restaurant in Angeles City to wine and dine before nightlife entertainment begins; many wine and food lovers look for the best fine dining restaurant in Angeles City to relax and unwind after golf or work in Clark Philippines, others bring their families to enjoy a good dinner at the child friendly restaurant in Angeles City Pampanga.
Wine and food lovers travel north out of town from Manila towards Pampanga to wine and dine at the best restaurant in Angeles City, uncorking a few bottles of fine vintage wine from Yats Wine Cellars accompanied by juicy US steaks or an assortment of fine seafood and vegetarian dishes only available in the best restaurants in Pampanga Clark Philippines
Best restaurant in Pampanga Angeles City Clark Philippines serves great steaks and seafood with fine vintage wine. The wine cellars of this restaurant in Clark Pampanga offer wine lovers a wide variety of vintage wines to enjoy with the delicious food and elegant cuisine of this fine dining restaurant. These wines are not available elsewhere in the Philippines except in the outlets of Yats Restaurant in Angeles City and Clark Philippines. The combination of fine wine, good food, cozy and elegant dining ambience and excellent service makes every dinner at this frequently visited restaurant in Clark Philippines a special treat. Guests from Manila, Subic, Angeles City and Clark Pampanga enjoy dining at this popular restaurant and wine bar for a number of reasons. Some praise this top rated restaurant for its private dining rooms that offer privacy and class. Others like the cozy elegant ambience of the main dining room of this fine dining restaurant in Clark. Foodies prefer to dine at this restaurant in Clark Philippines for its classic French Mediterranean cuisine and the genuine ingredients that go into the not only the meat but also the sidings in this restaurant. Wine lovers favor this resto bar in Pampanga because it is the best restaurant in Manila and Pampanga with an large wine list that offers many selections of fine vintage wines at good prices. Event organizers frequently choose this restaurant in Clark for corporate meetings, anniversaries, awarding ceremonies, small wedding receptions, private parties and all sorts of other functions and events. Many visitors to Angeles City and Clark Pampanga regard Yats Restaurant as a one-stop all-purpose business center complete with fine dining, wine lounge and meeting facilities, a very convenient venue for business executives staying in Angeles City, Pampanga and Clark Philippines.
For comments, inquiries and reservations click on Click here for inquiry and reservations
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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