We know that waste and graft and corruption are key factors in the mounting budget deficit of the national government.
But would you believe this shocking news – cost overruns on 21 mega projects total to P36.8 billion.
Yikes, P36.8 billion! And they represent 34 percent of the project cost!
This amount is more than enough to build 1 hospital for every province in the country at P500 million each or 1 health center for every barangay nationwide at P 1 million each.
Now, I am more convinced that government has become a refuge of the incompetents! (5:30 a.m.)