EconomyForex

DBM issues warning over fund-release ‘fixers’

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THE Department of Budget and Management (DBM) warned against individuals or organized groups claiming to have the power to effect fund releases.

“In view of the numerous reports, all government entities are again reminded that upon submission of requests for fund releases to the DBM, the same are acted upon consistent with pertinent laws and established procedures and budgeting rules and regulations,” the department said in a Feb. 16 circular.

“It is to be emphasized that the DBM does not authorize any person or organized groups to facilitate or expedite fund releases for whatever purpose,” it added, noting that it also does not solicit requests for fund releases.

The department also called on government agencies to regularly advise their respective clients or stakeholders to rely only on official DBM channels.

“We strongly advise all National Government agencies, local government units, and all others concerned to refrain from entertaining or transacting with private individuals or organized groups of dubious character and be cautious of individuals introducing themselves as DBM employees,” it added.

The DBM added that it only deals with the agency head or local chief executive or their duly authorized representatives, who must be organic personnel of the government entity concerned. — Luisa Maria Jacinta C. Jocson

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