Connect with us

Hi, what are you looking for?


Lacson flags P8-B fund realigned to defense department


SENATOR Panfilo M. Lacson, Sr. on Tuesday said an P8-billion fund realigned to the Defense department from the Office of the President for the proposed 2022 budget is worrisome as it was apparently made without consultations.

“The DND (Department of National Defense) and the AFP (Armed Forces of the Philippines), they were not part of the planning or how the projects… will be implemented, so we may encounter a problem,” he said during the plenary session.

Senator Ronald M. dela Rosa said that no consultations were made by the House of Representatives, and the Senate adopted the lower house’s adjustments in the defense budget.

Mr. Lacson further noted that the unused appropriations by the department has been averaging P14.61 billion per year, which indicates problems in rolling out programs and projects.

He added that the AFP and the Philippine Army incurred the highest unused appropriations in past years.

Mr. dela Rosa defended that this was caused by challenges in the procurement process.

“There are times when there are no bidders, there are also times when the bidders are disqualified, so that’s the problem,” he said in Filipino.

Meanwhile, other senators also expressed concern on the amount parked by the AFP to the Procurement Service-Department of Budget and Management (PS-DBM) and the Philippine International Trading Company (PITC).

“Between the two agencies, a total of about P10 billion of AFP funds is parked in both PITC and PS-DBM,” Minority Leader Franklin M. Drilon said during the plenary, citing the Commission on Audit report.

The senators requested for a written report containing details of these parked funds to prepare for amendments in the 2022 proposed General Appropriations Bill. — Alyssa Nicole O. Tan

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



THE peso sank to the P55-a-dollar level on Wednesday — its weakest in more than 16 years — amid fears of a recession in...


(MAY 13, 2020) Houses are dwarfed by towering buildings of the Makati City skyline on a quiet Wednesday midnight as they government through the...


THE Philippine Ports Authority (PPA) has awarded more port projects, including the construction of a cruise ship port in Coron, Palawan province southwest of...


MORE Filipinos opened their own bank accounts at the end of last year, as many of them were forced to pay for services online...


Sebastian Ganso / Pixabay A unit of Manila Electric Co. (Meralco) has partnered with a Korean company for a research and development project in...


Koala Cruz / BW file photo Boulevard Holdings, Inc. (BHI) is tearing down the rooms in Fridays Boracay and renovating the resort to upgrade...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.