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The Department of Finance on Wednesday stressed that the Supreme Court's temporary restraining order did not state that the P60 billion excess funds of the Philippine Health Insurance Corporation transferred to the national treasury should be returned to the state insurer.
Citing Recto and Budget Secretary Amenah Pangandaman's earlier statements, Hontiveros said that the transferred funds from PhilHealth were to be used for the Philippine government's counterpart funding for flood-control projects and railway projects undertaken together with Japan International Cooperation Agency, Asian Development Bank, and the World Bank.
Philhealth Excess Funds Ralph Recto Risa Hontiveros
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