CSC Forum, Part 3

This is not related to the topic but as a proud Pinoy, I can't help but join the euphoria of Sunday's abbreviated demolition of Eric Morales by our compatriot Manny Pacquio. So swift and precise as a surgeon was Manny's 3rd round victory that even put to shame Madam Auring's prediction that the bout was going to last 12 rounds with Manny eventually winning by a KO. Seems like Manny taught Morales a moral lesson: "A punch speaks louder than a boast".

Now back to the highlights of my presentation in that CSC forum. I emphasized that restructuring existing economic enterprises seems to be a more viable option for LGUs. By restructuring, I meant transferring and or consolidating existing enterprises under a separate organization unit - either as department, division or section under the local chief executive branch. Some desireable outcomes that can be derived from this shift are:

Shift fiscal responsibility - income generated is first applied to operation of LOEs, and funding gaps will come in the form of subsidies or advances from the General Fund to be explicitly justified.

Pinpoint accountability - financial results of operation can easily be ascertained since transactions are not co-mingled with the General fund.

Unburden the General Fund - in the long run, more funds can be channeled for other services since the General Fund is freed from
provision for large subsidies.

Provide solution to PS limitation - a big portion of the PS cost will be transferred from the General Fund to the LOE's budget.

I'll save the best for last . . . Part 4 is coming soon!