Senior Associate Justice Antonio Carpio has exposed the controversial use of P60 billion from PhilHealth and P107 billion from PDIC trust funds, revealing their diversion to substandard flood-control projects. According to Carpio, Executive Secretary Ralph Recto signed Department of Finance Circular 003-2024, which facilitated the transfer of these funds to the Bureau of Treasury, triggering their release under the General Appropriations Act of 2024.
The document, presented by Carpio, raises serious legal concerns, citing violations of the 2019 Universal Health Care Act and constitutional provisions governing appropriations. The revelations link the misused funds to political maneuvering, including unprogrammed appropriations and potential kickbacks, sparking calls for accountability among involved officials and lawmakers.
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