Chairman of Senate Committee on Finance and and co-chairman of the Joint Congressional Oversight Committee on Public Expenditures, Senator Chiz Escudero resigned from the said two powerful finance panels due to public pronouncements regarding his possible candidacy for higher office. This is to spare the budget deliberation from possible misperception that he may use it to further his own political plans and actions.
Escudero is one of the possible candidates in the vice-presidential race next year.
“I believe that it behooves me to step down at this juncture to ensure that deliberations on the General Appropriations Bill (GAB) – considered the single most important piece of legislation passed by Congress each year – are untainted by suspicions or perceptions of partisan politics,” Escudero said.
“It is, Mr. President, what propriety requires; it is, I believe, what our people expect from us all: delicadeza,” the senator said in a letter to Senate President Franklin Drilon.
He thanked the Senate President for entrusting him the crucial responsibility of managing the Senate’s role in fulfilling Congress’ duty of overseeing the Executive Department’s use of public funds and ensuring that all money appropriated is guided by what is in the best interests of the people.