PHILSTAR: DICK PASUCAL - A partial, and ineffectual, approach has been the Conditional Cash Transfer (CCT)program of the Aquino administration that pours some P23 billion down the drain as if we print money anytime without the IMF overlords making pakialam. The billions allocated for CCT are doled out without any lasting productive impact on the economy. After 30 percent is eaten up by administrative costs, 20 percent by corruption, and 10 percent by systems loss how much is left for feeding and at the same time making productive those listed by the social welfare department as statistically indigent?
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