However, a financial document downloadable from the OVP website classifies the P221-million contingent fund it received from DBM as a 'transfer'
MANILA, Philippines – President Ferdinand Marcos Jr.’s budget chief wrote to the House of Representatives, claiming that the contingent funds given to the Office of the Vice President in 2022 – a chunk of which became the OVP’s confidential funds – were “released,” not “transferred.”
There are only a few times when it is allowed, like through a process called augmentation, when there are existing line items in the budget that are deficient and need additional funding.Pangandaman’s letter dated September 11 and addressed to House appropriations chairperson Zaldy Co said that there was no “transfer” of funds that took place, since contingent funds are not under the Office of the President.
In a statement on Thursday, September 14, House appropriations chairperson Zaldy Co’s office said the letter he received from Pangandaman “assures Congress that the Office of the President didn’t subvert the House’s power over the purse when it released contingency funds to the office of Vice President Sara Duterte late last year.”of the OVP for the last quarter of 2022, the contingent fund it received from DBM was an “adjustment ,” contrary to Pangandaman’s explanation.
the safe implementation of various projects and activities of the OVP across its satellite offices for the last quarter of FY 2022 the implementation of the same with proper security and safety protocols for the benefit of the institutionWhy is this controversial?
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