Velasco to Cayetano: Honor term-sharing deal, resign Oct 14

Marinduque Representative Lord Allan Velasco urged Speaker Alan Peter Cayetano to honor their term-sharing agreement and resign on October 14 after finishing the deliberations on the 2021 national budget.

Velasco expressed concern that Cayetano's actions surrounding the speakership transition and the budget deliberations raise suspicions about his motives.

He questioned whether the proposed PHP4.5-trillion budget is for the nation or for Cayetano's allies, and if it is truly significant amid the pandemic.

Velasco accused Cayetano of potentially holding the budget hostage to negotiate an extension of his term as Speaker.

The budget deliberations were previously suspended until October 2 following Cayetano's offer to resign, which was rejected by the House plenary.

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