| Description | Presented by Milo Tanchuling, FDC Secretary General, in a Media Briefing
Held 15 March 2010, at Max\\\'s Restaurant in Quezon Memorial Circle
These policy recommendations are:
- Strike out the Automatic Debt Servicing Provision or Section 26(B), Book VI of Executive Order 292 or the 1987 Revised Administrative Code.
- Conduct an Official Debt Audit.
- Repudiate blatantly illegitimate debt cases.
- Rescind onerous contracts entered by the national government.
- Repeal the outmoded Republic Act 4860 or the Foreign Borrowings Act of 1966.
- Pass an Alternative Official Development Assistance (ODA) Act.
- Regulating borrowings by the Local Government Units (LGUs) by amending Sections 295 to 303, Book II, Title IV of Republic Act 7160 or the Local Government Code of the Philippines.
- Scrap the R-VAT law or Republic Act 9337 and explore passing a law rationalizing fiscal incentives and removing other tax incentives to corporations.
- Issue an Executive Order (EO) declaring moratorium on privatization of state assets pending a review of the privatization policy.
- Pass a law Automatically Appropriating Funds to Education pegged at 6% of the GNP as prescribed by the UNESCO.
- Pass a law Automatically Appropriating Funds to Health in order to ensure that total health expenditure is pegged at no less than 5% of the GDP as the standard recommended by the World Health Organization.
- Pass a law Automatically Appropriating 5% of the General Appropriations Act (GAA) to mass housing and settlement projects for the poor.
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