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PIA Press Release
2006/09/28

Arroyo wants P17.1-B liquidations settled by yearend

Quezon City (28 September) -- PRESIDENT Gloria Macapagal-Arroyo wants billion of pesos in unliquidated cash advances settled by the end of the year, a senior Palace aide said.

Executive Secretary Eduardo Ermita said the order of the President followed the disclosure by Senator Franklin Drilon, quoting a report by the Commission on Audit (COA), that 17.1 billion pesos in cash advances drawn by different government offices had yet to be liquidated.

"The President wants this settled toward the end of this year," Ermita said during his weekly press conference.

He said the order to liquidate cash advances covered all offices of national agencies, local governments, government financial institutions, and government owned and controlled corporations.

"Nobody is exempted, everyone has to follow the COA laws," he added.

Ermita also clarified that only 16.3 billion pesos and not 17.1 billion, still need to be liquidated. He explained that the amount was because much of the unliquidated expenses had accumulated through the years from past administrations. He acknowledged that this has long been a problem because "it's not easy to liquidate." (PIA) [top]

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