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                    [ArticleID] => 229939
                    [Title] => Gov’t agencies understate costs of FAPs resulting in expenditure surges
                    [Summary] => Government agencies are routinely understating the costs of foreign-assisted projects (FAPs) causing unpredictable surges in expenditures as the government is ultimately forced to shoulder the difference between the approved and the actual project costs. 


The budgetary impact of understating the costs of foreign-assisted projects has prompted the Cabinet Investment Coordination Committee (ICC) to consider the possibility of penalizing government agencies that hide certain predictable expenses. 


                    [DatePublished] => 2003-12-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
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                    [ArticleID] => 229189
                    [Title] => Parayno to remain at BIR
                    [Summary] => Internal Revenue Commissioner Guillermo Parayno said yesterday he would remain in his post in the next seven months of the Arroyo administration despite the resignation of Finance Secretary Jose Isidro Camacho.


Parayno said he decided to remain at the BIR and in the economic team of President Arroyo after he met with Camacho and learned that the resignation of his former boss was not performance-related.


                    [DatePublished] => 2003-11-25 00:00:00
                    [ColumnID] => 133272
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CAMACHO AND BUDGET SECRETARY EMILIA BONCODIN

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                    [ArticleID] => 229939
                    [Title] => Gov’t agencies understate costs of FAPs resulting in expenditure surges
                    [Summary] => Government agencies are routinely understating the costs of foreign-assisted projects (FAPs) causing unpredictable surges in expenditures as the government is ultimately forced to shoulder the difference between the approved and the actual project costs. 


The budgetary impact of understating the costs of foreign-assisted projects has prompted the Cabinet Investment Coordination Committee (ICC) to consider the possibility of penalizing government agencies that hide certain predictable expenses. 


                    [DatePublished] => 2003-12-01 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 229189
                    [Title] => Parayno to remain at BIR
                    [Summary] => Internal Revenue Commissioner Guillermo Parayno said yesterday he would remain in his post in the next seven months of the Arroyo administration despite the resignation of Finance Secretary Jose Isidro Camacho.


Parayno said he decided to remain at the BIR and in the economic team of President Arroyo after he met with Camacho and learned that the resignation of his former boss was not performance-related.


                    [DatePublished] => 2003-11-25 00:00:00
                    [ColumnID] => 133272
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Gov’t agencies understate costs of FAPs resulting in expenditure surges

By Des Ferriols | December 1, 2003 - 12:00am

Government agencies are routinely understating the costs of foreign-assisted projects (FAPs) causing unpredictable surges in expenditures as the government is ultimately forced to shoulder the difference between...

Business

Parayno to remain at BIR

November 25, 2003 - 12:00am

Internal Revenue Commissioner Guillermo Parayno said yesterday he would remain in his post in the next seven months of the Arroyo administration despite the resignation of Finance Secretary Jose Isidro Camacho. Parayno...

Business