PEOP$'S

A LAWMAKER vester- lendinofirms.

acr 0n o1lin9 renOingreps woes
".*q*".S:9""3r,IgJIq
dav asked the Bineko 'wHir" *rLodinelena
senkal ngPilipinas(s-spt ine oDeraroJs do
Iy submission of the pro_ thing to avoid a repeat of
rj.riJ".liliiiffit by thir.egrenabre situ;don in
*hu"r-fo.o."
"*r""a
and the securities and he"lo r,i neopte in'.*t !or".t#Jn"i the future,,,said Romero.
Exchange Commission should'he subiected
rh;ti;p_;;;;;;;,';;;;"* Romero,oneofthecoun_
(sEc) roactoncomptainrs ceDrable regjationsto ai_ ant hugelossestotheecon try,s topeconomist, urged
aired ,,;ntine ;.t;;i;;-b*iiivl'a up_ tr," o"p*rrnenrof Bud.qer
,hat
againsr th; sFc anjaii-iyi^_
lendinB" operations. Dose., Romero, president ;."Gi*"
' Romero aired this rec_ and Managemenr (DBM)
Deput! Speaker ana brtnes+man parly_usia; to make ita habi osubmit
lPacman paitv-lisr Rep arition Foundation, 1".. "^i;;";;;i"ifi,*t. th" propor"d Nariona]Ex_
J'ii-*...i,.riii'#down penditure program
MikeeRomerosaid defauir- (lcFl), toid reoo.t od;_ il";';;;. [NrEp)
mg borrowerswhoaresub- ine rhe weet iy partytijL ;iJa"ii ,n" onruiyoredchyearrosive
iected to humiliatine on- foirrm
.*iy i"'.iiriaii"y m Longress enougrh rime ro
"i_ of thJuog"r scrutinize theproposaland
the approval
linepost shoutd be prdrecr- ti a rclared.devetop
ed aeainst unscrupulous ;tx;t#;;il"J;;lvear. eventuaUy
-- '-;;;;;;i*#:ffi"f
approve it.
ment, Romerosaid rhe"*- w"."r-,.rra?J i,Y*r'.
get was submitted to the
House of Reprcsentatives
only three weeks ago, in_
stead of the usual fumover
thatcoincides with the State
of- the Nation Address
. (SONAlor the fowrh Sun-
day of July.
,,This
wayCongreswill
have at le*t onb month
addition to the budget
study. The timerable is
very important matter that
our economic manageis
should consider. I tfiink
both flouses of Congress
should be given at least sl(
months to finish the bud_
get," said Romero.
The senior administra-
tion solon aired the opti-
mism that the 2020 budget
measure willbe djsposed of
byCongressontime,saying
that this will help goiern-
ment economist pursue a
successful plan tocatch up
with the huge 2019 losses.
"Economicallv the re-
percussions of thi: delayed
budgei passage is too heary
for the countrv that a re-
peat shodd b6 avoided,,,
said Romero.
Ryan ponce pacpaco

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