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Stop corruption; fix the system now

Manila Bulletin

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September 26, 2025

When former Public Works Secretary Manuel Bonoan revealed before the Senate Blue Ribbon Committee the existence of a so-called “leadership fund” within the National Expenditure Program (NEP), it unveiled a systemic normalization of budgetary manipulation in the guise of public service.

Described as a consolidation of funds intended for priority projects that may be requested by lawmakers, the so-called leadership fund raises serious ethical and structural questions. While Bonoan refrained from characterizing it as an insertion, his admission points to a longstanding and informal practice that exists in the blind spots of the public budgeting system—spaces where discretion, rather than regulation, governs the flow of billions in taxpayer money.

Such practices should no longer be tolerated. They are antithetical to fiscal transparency, public accountability, and the rule of law. They reveal the dangerous elasticity of budget mechanisms that can be easily stretched to serve political interests under the guise of public service.

This systemic flaw calls for nothing less than a comprehensive overhaul of the country's fiscal policy.

Manila Bulletin'den DAHA FAZLA HİKAYE

Manila Bulletin

Flood scandal spurs political risk

Protests against massive corruption in the rollout of billions of pesos in “ghost” or substandard flood control projects in recent years are expected to snowball and heighten political risks in the Philippines, according to the Economist Intelligence Unit (EIU).

time to read

1 mins

September 26, 2025

Manila Bulletin

PH government debt climbs, private borrowings slide

‘ile government debt continues to pile up, private businesses and individuals in the Philippines hold back on borrowings amid conditions not too conducive to debt accumulation.

time to read

1 mins

September 26, 2025

Manila Bulletin

DPWH drags infra spending in July

Due to slower spending by the Department of Public Works and Highways (DPWH), infrastructure and other capital outlays dropped by 25.3 percent to P93.3 billion in July from P124.9 billion in the same month last year.

time to read

3 mins

September 26, 2025

Manila Bulletin

Observations of Netherlands, another state sought in Duterte's release bid

The pretrial chamber of the International Criminal Court (ICC) asked the Netherlands and another state—its identity redacted from the document—to submit its observations regarding the possibility of hosting former president Rodrigo Duterte under his interim release application.

time to read

2 mins

September 26, 2025

Manila Bulletin

Manila Bulletin

More big fish named

Escudero, Romualdez Revilla, Binay, Co tagged

time to read

11 mins

September 26, 2025

Manila Bulletin

Foreign biz seeks more reforms

Members of the Joint Foreign Chambers of the Philippines (JFC) have presented a fresh list of reforms to the government, aimed at increasing the competitiveness of the Philippines, which has lagged behind its peers in Southeast Asia.

time to read

2 mins

September 26, 2025

Manila Bulletin

Fil-Am Jessica Sanchez wins America's Got Talent Season 20

Filipino-American singer Jessica Sanchez, who is nine months pregnant, won season 20 of the NBC reality competition series \"America's Got Talent\" on Wednesday night (US time).

time to read

1 mins

September 26, 2025

Manila Bulletin

Tax exemption loss slashes time deposits

Long-term time deposits in the Philippine banking industry plummeted 95 percent in recent months, as Filipino depositors may have withdrawn or opted not to renew their placements following the removal of a key tax exemption.

time to read

2 mins

September 26, 2025

Manila Bulletin

'Opong' threatens; Marcos orders full gov't mobilization

President Marcos has ordered a full government mobilization ahead of the expected landfall of potential Severe Tropical Storm Opong this weekend.

time to read

3 mins

September 26, 2025

Manila Bulletin

SEC green equity guidelines out

The Securities and Exchange Commission (SEC) has launched its green equity guidelines, the first of its kind in Southeast Asia, as it continues to advance sustainable finance in the region.

time to read

1 mins

September 26, 2025

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