At least P8.523 billion in funds of the Philippine Army remains unliquidated or unaccounted for with the Philippine International Trading Corp. (PITC), Sen. Panfilo “Ping” M. Lacson disclosed Tuesday.
Lacson cited figures from the 2020 Commission on Audit report that showed the PITC received some P15.927 billion from 2007 to 2020 from the Philippine Army alone, with total unliquidated balances in the amount of P8.523 billion.
“Every year, nag-scrounge tayo sa pondo para sa modernization, pati revised modernization program ng AFP, ang sabi natin cause for delay ang funding gaps kasi di napopondohan. Yet we find out from the COA report may unliquidated balances of P8.5 billion just for the Philippine Army (Every year, we scrounge for funds for the AFP’s modernization, even for the AFP’s revised modernization program. The cause of delay was due to the funding gaps. Yet we find out from the COA report that there are unliquidated balances of P8.5 billion, just for the Philippine Army),” he said at his interpellation of the Department of National Defense’s budget for 2022.
Related: Ping: P8.523-B ‘Unliquidated’ na Pondo ng Army, Nasa PITC