[Ask The Tax Whiz] How do confidential funds work?

The Philippine Tax Whiz explains the legislation and utilization of confidential funds, highlighting their intended purposes and the vulnerabilities in the system that make them susceptible to corruption

This is AI generated summarization, which may have errors. For context, always refer to the full article.Confidential funds are specialized government budget allocations designated for surveillance and other sensitive activities that support civilian government operations. Due to their nature, these funds are exempt from standard transparency measures and are typically deployed in high-stakes situations, such as disaster response or national security operations.

Confidential funds refer to lump-sum amounts allocated in the General Appropriations Act for national government agencies, in appropriation ordinances for local government units , and in corporate operating budgets for government-owned and -controlled corporations to cover confidential expenses. The auditing of confidential fund allocations is governed by provisions in the General Appropriations Act and the Administrative Code, which mandate the Commission on Audit to establish specific accounting and auditing rules for government funds.

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