Malampaya funds not diverted to CCT | Inquirer Opinion

Malampaya funds not diverted to CCT

/ 01:16 AM September 27, 2011

This pertains to the news item titled “Solons seek accounting of Malampaya fund.” (Inquirer, 9/15/11)

During the hearing of the congressional oversight committee, I reported the amount of P21.645 billion that had been spent, but I did not mention that the spent items were conditional cash transfer and the purchase of the Hamilton-class warship from the United States by the Philippine Navy as stated in paragraph four of the report.


Also, I submitted to the committee the status of Malampaya funds as well as the details of the expenses charged against the fund.


—ROBERTO B. TAN, treasurer of the Philippines, Bureau of the Treasury, Intramuros, Manila

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TAGS: CCT, Malampaya Fund
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