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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.

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

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—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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