PNOY: State of the Nation Address

Our newly elected President, His Excellency Benigno C. Aquino III has just delivered his first state of the nation address or SONA at Batasan Pambansa today and we were expecting his proposed plan of action. I was totally surprised with his speech. His speech talked about the fiscal crisis and corruption of the former Arroyo administration. Our President pointed out the budget deficit of the Republic of the Philippines, which is now at 196.7 Billion pesos which the former Administration overused and it was so disappointing because we didn’t even feel the funds that we were supposed to have. That’s why the result was our government are now in debt and inadequate incentives to use. Our President also emphasized the countless allegations such as Napocor's selling of losing value of electricity in 2004, Excessive importation of rice which only results rotten in the storage and the MRT's operation in the cheapest toll. Other problems are the results to bankruptcy forces the Land Bank of the Philippines and Development Bank of the Philippines to purchase the said assets, Improper use of calamity funds in pampanga worth of 108 million. Also, the funds for the people affected by Typhoon Ondoy and Peping. He would like to pursue the Fiscal Responsibility Bill, Whistle Blower’s Bill and to amend the law. It was good that he thought of filing a case against those tax evaders and extra judicial killings. The proposal that could help the state is the ff: Build operate and transfer project, public- private partnership, settle the problem in Mindanao and CPP-NPA and widespread ceasefire. I hope our newly elected President would make these things possible God Bless Him!