Solon wants 5% savings of gov't agencies for subsidies
MANILA - Taguig-Pateros City Representative Alan Peter Cayetano on Thursday said the national government should institute a mandatory 5 percent savings across all agencies to raise PHP250 billion that can be used to provide cash aid to Filipinos to help them cope with the rising fuel prices. In a press conference, Cayetano said of the PHP250 billion, the government can distribute PHP10,000 indirect financial aid to each Filipino family and still have PHP50 billion leftover as standby funds. "Wala nang iiyak sa 5 percent. Napakaliit nyan (No agency will complain about losing 5 percent. Tha...