www.republika-online.com

Loading...

No parked gov’t funds in PITC – Palace

Republika

There are no “parked” government funds at the Philippine International Trading Corp. (PITC), an attached agency of DTI.


Presidential Spokesperson Harry Roque said Duterte sees no issue in the PITC as the alleged P33-billion “parked” funds from different government agencies are not idle but undergoing different stages of procurement.


Some senators have called out PITC to return to the national treasury around P33 billion “parked” funds or undelivered projects to various government agencies.


PITC serves as a procurement body for government offices.


Roque said Defense Secretary Delfin Lorenzana attested during a meeting with Duterte recently that the Department of National Defense (DND) has P11 billion worth of projects coursed through PITC, and those are ongoing projects.


Trade Secretary Ramon Lopez already clarified the delays in the delivery of projects procured by PITC are in the terms of reference (TORs), which are done by the government agencies and not the PITC.


Upon the completion of TOR, he added PITC is fast to deliver the projects once biddings are successful.


Same Category

Business

Telcos face penalties for online child abuse

Republika
Business

Businessmen oppose Cha-Cha

Republika
Business

P75B enough for vaccine acquisition–DOF

Republika
Business

Collection agencies breach targets despite pandemic

Republika