The Office of the Vice President (OVP) reported spending P375 million in confidential funds in 2023, surpassing the P125 million spent in 2022, according to the Commission on Audit. The funds were allocated for various projects and programs, with accomplishments exceeding targets. However, issues were noted in the distribution of welfare goods.
The Office of the Vice President (OVP) spent P375 million from confidential funds in 2023, as reported by the Commission on Audit (COA). This amount is more than the P125 million spent in 2022. The COA highlighted that these funds were used for various projects and activities under the Good Governance Program and Socio-Economic Program Delivery . The agency's accomplishments, as per the quarterly report, were higher than the targets set.
However, the COA noted deficiencies in the distribution of welfare goods due to gaps in guidelines and procedures
Office Of The Vice President Confidential Funds Commission On Audit Socio-Economic Program Delivery Good Governance Program
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