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GOCCs outlays slated for new Senate check By Angie M. Rosales 01/03/2011

Monday, January 3, 2011

GOCCs outlays slated for new Senate check

By Angie M. Rosales 01/03/2011

The operations of some of the 157 government-owned and controlled corporations (GOCCs) will be placed in another round of scrutiny by the Senate.

Sen. Franklin Drilon, finance committee chairman, said the Senate will immediately activate the newly formed oversight committee on public expenditures to monitor the use or misuse of GOCC funds on unwarranted bonuses and fat allowances.

“We will buckle down to work at once upon the opening of Congress this coming new year,” the senator said.

Drilon initiated the conduct of series of inquiries into the fat perks and allowances of GOCC executives as well as excessive use of its funds shortly after the Aquino administration was ushered in last year..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110103hed2.html

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