Rappler
Remitted PhilHealth, PDIC funds used for flood control projects — Carpio
Retired Supreme Court senior associate justice Antonio Carpio stated that funds from the Philippine Health Insurance Corporation (PhilHealth) and the Philippine Deposit Insurance Corporation (PDIC) were diverted to fund flood control projects.
Carpio explained that a provision in the 2024 General Appropriations Act (GAA) allows excess funds from government-owned or -controlled corporations (GOCCs) to be transferred to the Bureau of the Treasury for unprogrammed appropriations, including flood control projects.
PhilHealth and PDIC, both GOCCs, reportedly remitted P60 billion and P107 billion, respectively, of their funds following a Department of Finance circular on the provision's implementation.
He called the provision unconstitutional, emphasizing that PhilHealth and PDIC's funds are trust funds and cannot be used for other purposes.
Carpio also noted that, under the Constitution, appropriations cannot be transferred, although the president may be authorized by law to augment appropriations from savings.
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