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Amid criticisms on the government’s move to transfer idle fund of government corporations such as those of Philippine Health Insurance Corp.’s back to the state coffers, Finance Secretary Ralph Recto on Tuesday emphasized the need to mobilize unused funds to bankroll priority health, education, and infrastructure programs for the benefit of 115 million Filipinos.
9 billion in excess funds of PhilHealth to the Treasury to fund unprogrammed appropriations this year.Last week, the high court ordered several senior government officials to submit their comments to a petition blocking the transfer of excess funds of PhilHealth.The Finance Department has been defending the diversion of GOCCs’ idle funds, saying it is has legal basis and was only acting on orders of Congress.
DOF Philhealth Bureau Of The Treasury
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