Philippine News Agency
Recto ready to answer questions on transfer of PhilHealth funds
The Department of Finance (DOF) has ordered the transfer of P89.9 billion in unused state subsidies from PhilHealth to the national treasury, a move sparking significant controversy.
DOF Secretary Ralph Recto stated the department is ready to answer questions on the legality of Department Circular 003-2024, following a petition filed before the Supreme Court challenging the fund transfer.
Recto asserted that the circular implements a mandatory Congressional order under Section XLIII (1)(d) of Republic Act No. 11975, the General Appropriations Act of 2024.
He added that legal due diligence was exercised through coordination with the Governance Commission for Government-Owned and Controlled Corporations, the Office of the Government Corporate Counsel, and the Commission on Audit, all of which issued favorable opinions on its legality.
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