Finance Secretary Ralph G. Recto. (Senate Public Relations and Info Bureau)
MANILA, Philippines—Finance Secretary Ralph G. Recto stated the Division of Finance (DOF) would respect the Supreme Court docket’s (SC) momentary restraining order in opposition to the switch of idle and extra PhilHealth funds to the nationwide treasuey.
“We respect the Supreme Court docket’s intervention. As a public servant myself, I acknowledge the proper of each citizen to hunt redress from the courts. Relaxation assured that the DOF will absolutely adjust to the order of the Supreme Court docket,” Recto stated in a press release launched by the DOF on Tuesday.
“We give our full cooperation to the Supreme Court docket as we look ahead to the chance to make clear the problems introduced throughout the oral arguments. With this honorable platform, we belief that each one points might be addressed as soon as and for all,” Recto stated.
Recto reiterated that the DOF’s transfer to brush idle, unused, and extra funds of government-owned and managed companies (GOCCs) is a mandate beneath Republic Act No. 11975 or the GAA 2024, which was authorized by Congress.
“We reiterate that earlier than continuing with the utilization of GOCC idle funds, our company exercised due diligence and consulted extensively with the federal government’s authorized consultants,” stated Recto.
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“These embrace the Governance Fee for GOCCs, the Authorities Company Counsel, and the Fee on Audit. These efforts have been undertaken to make sure full compliance with our legal guidelines,” Recto added.
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The DOF obtained favorable authorized opinions that PhilHealth’s unutilized authorities subsidies will not be a part of its reserve funds or revenue that’s being restricted by the Common Well being Care Act from being utilized by the nationwide authorities as a common fund.
The applications and initiatives funded by the unused authorities subsidies to PhilHealth embrace these:
- Well being employees’ unpaid allowances throughout the pandemic
- Wage standardizarion VI for presidency staff launched this yr
- Reviaed Armed Forces of the Philippines (AFP) modernization program
- Philippine Multisectoral Vitamin Undertaking
- Philippine Rural Improvement Undertaking
- Mindanao Inclusive Agriculture Improvement Undertaking
- Varied big-ticket infrastructure initiatives beneath the Construct Higher Extra program.
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