The Market Monitor Minding the Nation's Business
House Speaker Ferdinand Martin Romualdez on Friday said the strong statement issued by the business community and civil society calling for an end to corruption in government reflects the same principles of transparency, accountability, and integrity that the House of Representatives has committed to uphold.
“Let me be clear: the House of the People will never condone corruption, whether in public works, local governance, or any other area of government service. Allegations of wrongdoing must be investigated thoroughly and addressed decisively,” Romualdez said.
“I fully support initiatives for independent scrutiny and fair prosecution to ensure that those who betray public trust are held accountable under the law,” he added.
Romualdez issued the statement following a call by several business groups and civil society organizations amid ongoing investigations into questionable flood control projects.
He said the House has already introduced reforms in the budget process to restore public trust and strengthen accountability. These include greater transparency in budget hearings and bicameral deliberations; stricter oversight of lump-sum and unprogrammed appropriations; enhanced citizen participation and CSO engagement; and the institutionalization of budget modernization measures.
“These reforms are not mere rhetoric — they are concrete actions designed to ensure that every peso in the national budget is allocated properly, spent prudently, and accounted for responsibly,” Romualdez said.
The Speaker also urged business leaders, professionals, and civic organizations to work closely with Congress in pushing for the full implementation of these reforms.
“Together, let us build a governance culture where every peso is protected, every project is transparent, and every public official is held to the highest standard of service,” he said.