Close  

SC orders Monetary Board to stop giving ex-officio members allowances

By: - Reporter / @MRamosINQ
/ 10:37 PM July 23, 2017

Supreme Court. (INQUIRER FILE PHOTO / RICHARD A. REYES)

MANILA — The Supreme Court has enjoined the Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), from providing additional allowances to its ex-officio members.

Voting 13-0, the high court unanimously affirmed the legality of the orders issued by the Commission on Audit (COA) questioning the extra financial benefits given to Peter Favila and National Economic and Development Authority chief Romulo Neri from 2007 to 2009.

ADVERTISEMENT

“In disallowing the (additional benefits), COA did not abuse the exercise of its discretion as its denial was grounded on the law, facts and circumstances that would warrant such disallowance,” the tribunal said in a 10-page decision.

“Absent any showing that COA capriciously, arbitrarily or whimsically exercised its discretion that would be tantamount to evasion of a positive duty… the court finds no reason to set aside its decision,” it said in its June 6 ruling, a copy of which was made public last week.

FEATURED STORIES

Associate Justice Noel Tijam, who was appointed by President Duterte on March 8, wrote the decision, which was concurred in by all the justices who participated in the deliberations.

Associate Justices Samuel Martires and Jose Mendoza did not vote on the issue since they were both on leave.

In junking the certiorari petition filed by BSP officials led by its former governor, Amando Tetangco Jr., the court said the central bank officers could not claim that they acted in good faith as they were made aware of existing laws and COA policies prohibiting double compensation for government officials.

It said the BSP officials’ disregard of such rules “cannot be deemed as a mere lapse consistent with the presumption of good faith.”

Said the court: “In the absence of grave abuse of discretion, the factual findings of the COA, which are undoubtedly supported by the evidence on record, must be accorded great respect and finality.”

Besides, the court said COA “has acquired special knowledge and expertise in handling matters falling under its specialized jurisdiction.”  SFM

ADVERTISEMENT
Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: allowances of Monetary Board's ex-officio members, Amando Tetangco Jr., Bangko Sentral ng Pilipinas, Commission On Audit, Monetary Board, Noel Tijam, Supreme Court, Supreme Court justices, Supreme Court rulings
For feedback, complaints, or inquiries, contact us.
opinion

Hong Kong and that boat-ramming

June 19, 2019 05:06 AM

sports

Help is on the way

June 19, 2019 05:05 AM

opinion

One country, two systems

June 19, 2019 05:05 AM

opinion

Passing of a generation

June 19, 2019 05:04 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.