Our counterpart funding for these projects is a contractual obligation. The government has reneged on fully providing for our counterpart funding. In addition, our unreliable counterpart funding will make our international partners hesitant to commit to further funding for strategic infrastructure our nation directly needs. From one point of view, the veto of UA items was unnecessary to begin with. The sheer scale of the looting that happened attests to how badly the Marcos presidency has guided the formation of our fiscal spending.
