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COA flags OVP livelihood program
The Commission on Audit (COA) has flagged the Office of the Vice President (OVP)'s "Mag Negosyo 'Ta Day" livelihood program for questionable beneficiary selection and lack of proper evaluation of business proposals.
State auditors reported that P3.42 million in cash aid was granted to 138 beneficiaries from January 1, 2024, to September 30, 2024.
Of this amount, 128 individuals received P1.92 million and 10 non-government organizations and civil society groups obtained P1.5 million.
In violation of the program's manual, neither the Department of Trade and Industry (DTI) nor the Philippine Deposit Insurance Corporation (PDIC) evaluated the business proposals.
The OVP also did not have written agreements with the DTI and PDIC outlining their roles in reviewing and endorsing proposals.
Additionally, eight individual beneficiaries failed to submit barangay certifications confirming they have no derogatory records, and only 11 of 83 sampled beneficiaries were monitored by the OVP after fund release.
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