A deputy speaker said President Ferdinand “Bongbong” Marcos Jr. should immediately convene the LEDAC to discuss priority legislations and new laws, including the funding for new law increasing the social pension of indigent senior citizens. Know more:
A DEPUTY speaker on Tuesday said President Ferdinand “Bongbong” Marcos Jr. should immediately convene the Legislative-Executive Development Advisory Council to discuss priority legislations and new laws, including the funding for new law increasing the social pension of indigent senior citizens
The LEDAC serves as a consultative and advisory body to the President as the head of the national economic and planning agency for further consultations and advice on certain programs and policies essential to the realization of the goals of the national economy. It also serves as a venue to facilitate high-level policy discussions on vital issues and concerns affecting national development.
Recto also reminded that the P50-billion estimated cost only covers the seniors currently enrolled in the program. For his part, Majority Leader Joel Villanueva, who had also strongly supported it, conceded that implementing the law as it stands may not be quickly done, given the fiscal constraint. For one, he said, the implementing rules and regulations will have to be crafted. Villanueva said senators are this early looking to review the budget proposals for various agencies— budget season is about to begin —with a view to determining how funding allocations can be tweaked so as to carry out the new law.
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