Speaker Martin Romualdez pledges to pursue investigations into price inflation of essential goods like rice and electricity, as well as the alleged misuse of public funds. The House aims to combat smuggling, hoarding, and price manipulation in the agricultural sector, and scrutinize the utilization of PhilHealth funds and confidential expenditures.
HOUSE IN SESSION. Speaker Martin Romualdez delivers his message at the plenary hall of the House of Representatives as Congress resumes session Monday afternoon. Ver NovenoHouse Speaker Martin Romualdez vowed to pursue investigations aimed at eventually bringing down prices of rice and other food items as well as electricity rates.
“And we will scrutinize the alleged misuse of confidential funds, for no peso must go unaccounted for,” he added. For his part, Pampanga Rep. Aurelio Gonzales Jr. said the legislative branch wants to have more teeth to use against profiteers and other unscrupulous individuals and cartels. Meanwhile, the Speaker said economic forecasts leave much room for optimism despite inflationary pressures in part caused by last year’s series of storms.
Still, Romualdez admitted that despite quantifiable economic progress, inflation remained a big challenge.
PHILIPPINES CONGRESS INFLATION FOOD PRICES PUBLIC FUNDS
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