EconomyForex

Solon questions fuzzy disbursement reports of anti-communist task force

1 Mins read

A CONGRESSMAN on Wednesday questioned the transparency of how the anti-communist task force spends its billion in funds, adding that the Office of the President has a responsibility to monitor both transfers and disbursements.   

“Supposedly, the NTF-ELCAC must record everything that it receives,” Kabataan Party-list Rep. Raoul Danniel A. Manuel said at the plenary hearing of the President’s budget, referring to the National Task Force to End Local Communist Armed Conflict.  

Navotas Rep. Toby M. Tiangco, sponsor for the Office of the President budget, acknowledged that there are no detailed records of the task force’s cash flow.   

“We do not have exact records on how the funds of the NTF-ELCAC are spent,” Mr. Tiangco said.  

The task force had a P19.33 billion allocation in 2021, and P17.23 billion this year.     

“For 2023, aside from the P10 billion Barangay Development Program, NTF-ELCAC will have P1.40 billion spread out across agencies,” Mr. Manuel said.   

The additional funds will come from the budgets of the Department of Social Welfare and Development, Department of Agriculture, Department of Agrarian Reform, Technical Education and Skills Development Authority, and the National Anti-Poverty Commission.  

Mr. Tiangco reassured Congress that the issue will be addressed.   

“The Office of the President will act on that concern to make sure that the funds being sourced and disbursed by the NTF-ELCAC are properly monitored,” he said. — Kyanna Angela Bulan 

Related posts
EconomyForex

Peso to rise as Fed woes drag dollar

4 Mins read
BW FILE PHOTO THE PHILIPPINE PESO is expected to end the year stronger against the US dollar as the greenback remains under…
EconomyForex

PSEi ends flat as market awaits Fed policy hints

2 Mins read
BW FILE PHOTO PHILIPPINE STOCKS ended flat on Wednesday as investors stayed on the sidelines ahead of a trading break and the…
EconomyForex

‘Game-Changing Insights’: Dealers’ Business Forum ignites passion and purpose among partners

2 Mins read
By Jay Ann Bonghanoy It wasn’t just another seminar. For many dealers in the room, it marked a real turning point. On…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *