Photo Release

October 20, 2021

Special provision to stop fund transfer to PS-DBM, PITC: Senate Minority Leader Franklin Drilon, during the virtual hearing on the proposed P2.228 billion budget of the Department of Budget and Management (DBM) and its attached agencies for next year, as well as the allocation of local government units, including the Bangsamoro Autonomous Region in Muslim Mindanao, Wednesday, October 20, 2021, asks DBM officer-in-charge Usec. Tina Rose Marie Canda to submit a special provision to the committee that would stop the practice of government agencies from transferring its funds to the Procurement Service-DBM and the Philippine International Trading Corp. (PITC), including inter-agency fund transfer. Drilon said the special provision would be included in the 2022 General Appropriations Act (GAA) and would be applicable to all government agencies. “(The fund transfers) show a higher obligation rate but the system does not help our economy because the funds are not actually utilized,” Drilon lamented. He said that from 2014 to 2020, national agencies transferred no less than P50.7 billion to PITC and P91.8 billion to PS-DBM. He said the funds were considered obligated or utilized. Drilon likewise asked Canda to include a circular to address the “problems encountered” and a structural reform of the PS-DBM. (Screen grab/Senate PRIB)