The House Committee on Appropriations deferred its hearing on the contributions of the PCSO to the proposed 2024 budget after lawmakers noted conflicting data in the agency’s presentation. | GabrielLaluINQ
After PCSO — a revenue generator for the government — made its presentation, Quimbo noticed that the agency posted a net income of P4.2 billion net for the first half of 2023. But it predicted a negative P2.9 billion net in the NEP — a sharp P7.1 billion difference.
“You have been saying that PCSO has been performing well. But I cannot reconcile that with a minus P2.93 billion that you expect for the whole year of 2023.” “Ma’am, based on the records I have — yes, ma’am — we didn’t forecast [a negative] P2.9 billion [net],” Gregorio said.“We would like to ask if they are ready to answer that question of the chair. Otherwise, we can suspend,” Libanan interjected.
“We have already a statement from the PCSO that their net income for 2023 is P4.2 billion, and so that’s confirmed by you, by whatever submission here. We can proceed. It’s very clear that the presentation may have some discrepancy… But they are now here to tell [us] that they will have P4.2 billion. Meaning, that this will be the net income, and you can proceed with the projects,” Rodriguez said.
Albay Rep. Joey Salceda said that PCSO general manager Melquiades Robles is his friend, but he could not say that the accounting of PCSO’s finances was done properly.
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