The Partido Federal ng Pilipinas, the political party of President-elect Ferdinand “Bongbong” Marcos Jr., spent P272 million in the May 2022 elections, based on its Statement of Contributions and Expenditures (SOCE).
The Partido Federal ng Pilipinas, the political party of President-elect Ferdinand “Bongbong” Marcos Jr., spent P272 million in the May 2022 elections, based on its Statement of Contributions and Expenditures .
According to Atty. George Briones, PFP general counsel, the P272 million worth of expenses in the last presidential campaign was “well below the maximum expenditure of P337 million allowed by law for a national political party.” The 400-page SOCE, filed with the Commission on Elections on Monday, was signed by PFP national treasurer Anton Lagdameo, who was picked by Marcos to be the Special Assistant to the President under his administration.
Section 14 of Republic Act 7166 states that "every candidate and treasurer of the political party shall, within 30 days after the day of the election, file in duplicate with the offices of the Commission the full, true and itemized statement of all contributions and expenditures in connection with the election."
It adds that: "No person elected to any public offices shall enter upon the duties of his office until he has filed the statement of contributions and expenditures herein required."