Sunday, 14 July 2013

Yahoo! Philippines News - Live 2013 Philippine Elections News Updates and Results: Govt sees 'fiscally autonomous' Bangsamoro region with wealth-sharing scheme

Yahoo! Philippines News - Live 2013 Philippine Elections News Updates and Results
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Govt sees 'fiscally autonomous' Bangsamoro region with wealth-sharing scheme
Jul 15th 2013, 05:32

The government sees a more "fiscally autonomous" Bangsamoro political entity with the signing of the wealth-sharing annex that gives the proposed region more control of its revenues and resources.At a press briefing Monday, government peace panel chair Miriam Coronel-Ferrer said the "crown jewel" of the wealth-sharing annex is the provision of an annual automatic appropriation to the proposed Bangsamoro region.Coronel said this set-up is "structurally different" from the "line item" budget currently given to the Autonomous Region in Muslim Mindanao (ARMM). ...

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