Skip to content
Metro Sun Daily

Metro Sun Daily

REAL NEWS * REAL TIME

  • Home
  • Nation
  • Metro
  • Regions
  • Global
  • Feature
  • Entertainment
  • Opinion
  • Business
  • Sports
  • OFW
  • VP Sara Impeachment
  • Nation

Where did P2B Covid fund go?

admin June 26, 2024

By Jet D. Antolin

THE House of Representatives continues to search for the nearly P2 billion Covid-19 funds as officials from the Procurement Service-Department of Budget and Management (PS-DBM) and Department of Health (DOH) have yet to explain where it went.

During the hearing of the House sub-committee on appropriation, it was revealed that the said amount, part of the P47.6 billion transferred by DOH to PS-DBM for the purchase of Covid-19 pandemic supplies, has not been liquidated until now.

In the interrogation by House deputy majority leader Alfred delos Santos, PS-DBM and DOH admitted that over P45 billion of the fund has already been liquidated while approximately P2 billion is still being sought.

According to DOH Usec Achilles Gerard Bravo, around P1.197 billion worth of Covid-19 medical supplies allegedly have not been delivered; P363 million are unrecorded due to lack of documentation, P141 million are for ongoing delivery, and P11 million are reportedly “for reconsideration.”

PS-DBM executive director Atty. Dennis Santiago also admitted that they have liquidated P45 billion of the fund.

“So, Madame Chair, it’s still lacking. We need to liquidate P47.6 billion and you said that P45 billion is fully liquidated. Two billion pesos is not a small amount. So, where is it?” Delos Santos asked. “There are still projects that were subjected to COA (Commission on Audit) audit at the central COA level. So the funds, around two billion, are subject for full liquidation,” Santiago explained.

The lawmakers were not satisfied with Santiago’s response as the fund was transferred to PS-DBM in 2020 but until now, the missing amount remains unliquidated, borrowed by the government and to be paid by the public.

Tags: covid 19 dbm

Post navigation

Previous We can save thousands of Filipinos with kidney ailments – Speaker Romualdez
Next Hontiveros orders subpoena vs Alice Guo

Related Stories

House approves National Land Use Act on final reading
  • Nation

House approves National Land Use Act on final reading

Lacson: No single mastermind found in flood control probe
  • Nation

Lacson: No single mastermind found in flood control probe

House approves bill expanding anti-discrimination rules for women workers
  • Nation

House approves bill expanding anti-discrimination rules for women workers

ODDNEWS

  • Man arrested for faking lotto ticket to claim ₱172M jackpot
  • General in Hot Water: Napolcom cites P70k shoes as grounds for charges
  • Christmas Tragedy: Italian man chokes to death on panettone during family reunion
  • Japanese Woman Weds AI: The future of relationships?
  • A Single Dad’s Desperate Act: Police Chief’s Kindness Saves the Day
  • Security guard returns lost P1.5M bracelet

Source: USD/PHP @ Thu, 7 May.

Weather

Manila
Current weather
-º
Sunrise-
Sunset-
-
-
Forecast
Rain chance-
-
-
Forecast
Rain chance-
-
-
Forecast
Rain chance-
Manila weather

Latest Comments

  1. 스포츠중계 on Wage hikes effective in Northern Mindanao, Caraga this Labor Day
  2. 실시간스포츠중계 on Wage hikes effective in Northern Mindanao, Caraga this Labor Day

  • Front Page
  • Home
  • About Us
  • Donation
  • Privacy Policy
  • Contact
  • Facebook
  • Instagram
©2026 MetroSunDaily. All rights reserved. | DarkNews by AF themes.