OVP insists: ‘Confidential fund has been utilized appropriately’ | Inquirer News

OVP insists: ‘Confidential fund has been utilized appropriately’

By: - Reporter / @JMangaluzINQ
/ 08:58 PM July 05, 2023

The Office of the Vice President's budget report with a portion blotted out given to reporters.

The Office of the Vice President’s budget report with a portion unintentionally blotted out given to reporters. Photo from the Office of the Vice President.

MANILA, Philippines — The Office of the Vice President (OVP) on Wednesday maintained that it has utilized its confidential funds properly.

“The Confidential Fund has been utilized appropriately for its intended purpose and in accordance with the guidelines set by the national government,” said the OVP in a statement.

Article continues after this advertisement

Responding to further media queries about the confidential funds it spent, the OVP furnished reporters with a budget sheet called “Summary of appropriations, obligations, disbursements, and balances by object of expenditures,” which detailed expenses such as personnel expenses and travel spendings.

FEATURED STORIES

However, a portion of the budget that the OVP gave was blotted out.

Upon checking the Office of the Vice President’s website for the same document, it was found that the part blocked out was the Confidential Fund that the Commission on Audit (COA) had raised.

Article continues after this advertisement

After this story was posted, the OVP clarified that it had meant to highlight the portion of the confidential fund, not block it.

Article continues after this advertisement

The budget showed what the COA had previously reported — that the OVP had spent P125 billion of its confidential fund.

Article continues after this advertisement

On Tuesday, the OVP responded to criticisms from ACT Teachers partylist Rep. France Castro. Castro had raised concerns about the OVP after the COA findings that the Office failed to follow procurement procedures.

COA also found that the OVP trimmed its social subsidies.

Article continues after this advertisement

“The decrease in the amount of Financial Assistance/Subsidy from Fiscal Year 2021 to Fiscal Year 2022  was due to a lower amount of budget/appropriation under the 2022 General Appropriations Act, in view of the anticipated election ban and transition in 2022,” explained the OVP.

The OVP’s confidential fund had garnered criticism while it was being deliberated upon in Congress in 2022, with Senate Minority Leader Aquilino Pimentel expressing concern that the OVP may be duplicating the functions of other agencies.

RELATED STORIES:

OVP not entitled to intel funds – Pimentel, Hontiveros

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

VP, DepEd likely to keep P650 million in intel funds

JPV
TAGS: budget, funds, OVP

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.