Not a clean job
This is nothing compared to P60 billion of Philhealth to the National Treasury Obviously Sec Recto would not have done this on his own. The transfer/sweep imperils the funds to back up the deposit insurance which should be P250.00 billion
This is nothing compared to P60 billion of Philhealth to the National Treasury Obviously Sec Recto would not have done this on his own. The transfer/sweep imperils the funds to back up the deposit insurance which should be P250.00 billion
Such return sweeping of funds is a cause of alarm, because these funds have been drawn to unprogrammed appropriations in GAA. It has grown from P200+ billion for GAA in 2024 to over P700 billion (We do not know the amount in 2025)
No less than former Sec of Agriculture Manny Pinol has bewailed the large scale diversion of funds, and /or graft.
Many are disappointed with the rehashed leadership that bears the same corrupt name thinking that all our Philippine debt will be paid off with Taliano gold (what a narrative? and P20.00/kg rice (an impossibility)
What has happened so far:
1. PHL is now deeper in debt than ever. From 11trillion at the beginning of 2024 to P16 trillion as of date;
2. Instead of Taliano gold coming in to make people richer, BSP has to sell 25 tons of gold;
3. With regards to FM estate:
1. The estate tax has been forgotten;
2. Many govt cases vs the family has been dropped
3. And then this billions to unprogrammed appropriation? Its time to awaken and stop these violation of the constitution and wholesale graft.
"Zy-za Nadine Suzara, a former Budget undersecretary during the term of the late President Noynoy Aquino, said the practice of the government of diverting funds should be a cause for public concern since it “compromises agencies’ ability” to deliver mandated services.
She blamed the ballooning unprogrammed funds in the yearly budget for the desperation of the government in scouring for idle funds.
The Executive branch requested only P281.91 billion in unprogrammed funds in the proposed 2024 national expenditure program (NEP).
But in the 2024 General Appropriations Act (GAA), or the final version of the national budget that President Ferdinand Marcos Jr. signed in December 2023, unprogrammed funds ballooned to P731.45 billion.
Unprogrammed funds used to have three sources which are excess revenue collections, new tax or non-tax sources, and loans for foreign-assisted projects.
A provision under the 2024 GAA included the fund balance of government-owned or controlled corporations (GOCCs) as another resource with consideration of their disbursement in previous years.
Read more at: https://tribune.net.ph/2024/12/25/not-a-clean-job-1
