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Sen. Gatchalian seeks probe on Malampaya funds misuse

/ 12:50 PM January 10, 2018
Sherwin Gatchalian

Senator Sherwin Gatchalian. (Photo from the Senate Facebook account)

Senator Sherwin Gatchalian wants the Senate to investigate billions of pesos in allegedly anomalous disbursements of Malampaya funds under the past two administrations.

Gatchalian, chair of the Senate committee on energy, filed on Tuesday a resolution seeking an inquiry “on the release of the Malampaya Funds by the Department of Budget and Management (DBM) without complete documentary requirements.”

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“Considering the large amount of public funds involved, I believe an immediate inquiry is necessary to hold erring public officers responsible for the irregular release of these funds, and to prevent future illegal exploitation of these funds,” Gatchalian said in a statement on Wednesday.

“These funds were meant to finance the development of energy resources. Their usage for other purposes, and without following the clear procedural requirements concerning their disbursement, is a serious cause for concern that must be looked into by the government,” he added.

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According to Gatchalian, the release of the funds between 2004 and 2012 was a violation of Presidential Decree No. 910 Series of 1976, Executive Order No. 683 Series of 2007, DBM-DOE-DOF Joint Circular No. 3 Series of 2008, and other relevant laws and rules and regulations as specified in the Commission on Audit’s (CAO) Special Report No. 2017-04.

The senator noted that the Malampaya Fund, which holds the government’s profit share from the exploitation of natural gas resources at the Camago-Malampaya Reservoir, stood at P173.280 billion from January 2002 up to June 2013.

These funds, he said, were collected by the Department of Energy and managed by the Bureau of Treasury for the exploration and development of energy resources.

But In 2007, the DBM was authorized to release money from the fund following certain guidelines.

Citing a COA special report released in 2017, Gatchalian pointed out that Special Allotment Release Orders and Notices of Cash Allocations were issued despite lacking certain required documents, such as project proposals, requests for funds from the implementing agencies, proof of DBM evaluation, or approval by the President.

As of May 21, 2012, the senator said, the DBM had released P38.8 billion in public funds to various non-government agencies, government-owned and controlled corporations, and the provincial government of Palawan. /cbb

READ: Senate probe of Malampaya fund misuse backed

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TAGS: DBM, Energy, Malampaya, Malampaya funds, news, Senate, Sherwin Gatchalian
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