BSP execs spent P391M BSP execs spent P391M
08/18/2010 Executives of the Bangko Sentral ng Pilipinas (BSP) seem to have acquired the habit of indulging themselves in the finer things in life after a legislator cited yesterday Commission on Audit (CoA) reports showing a handful of government corporations racking up in P682 million in entertainment bills in 2008 with more than half or P391 million, claimed by the BSP alone for that year. Sen. Ralph Recto noted that the BSP’s audited “representation and entertainment expense” was thrice than the representation expenses of all of the country’s diplomats in more than 80 foreign posts in 2008. Recto’s findings came amid the Senate investigation into extravagant compensations given to officials of government-owned and -controlled corporations (GOCCs). The BSP’s nearly P400 million entertainment tab “ was also almost four times than what the many offices in the Office of the President spent for dinners, receptions cocktails, and meetings,” Recto added. Recto citing a CoA report, said the Office of the President spent P108 million for “representation and entertainment” in 2008, while the Department of Foreign Affairs, P120 million. The Department of Education (DepEd), the bureaucracy’s biggest agency both in budget and manpower, in contrast, shelled out a “trifling P26 million” in representation expense for all its half-a-million workforce , Recto said. In all, the national government coughed up P1.4 billion in representation allowance for its mid-level and top echelon officials, according to Recto.... MORESource: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100818hed2.html |
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