Remitted PhilHealth, PDIC funds used for flood control projects — Carpio - video Dailymotion

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Retired Supreme Court justice Antonio Carpio says funds from PhilHealth and the Philippine Deposit Insurance Corporation were diverted to the construction of flood control projects, in violation of the constitution.  Full story: https://www.rappler.com/philippines/philhealth-pdic-trust-funds-used-flood-control-projects/

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00:00Retired Supreme Court Justice Antonio Carpio says funds from PhilHealth and the Philippine

00:04Deposit Insurance Corporation were diverted to the construction of flood control projects.

00:09He says this violates the 1987 constitution. A provision in the 2024 General Appropriations

00:16Act allows excess funds from government-owned or controlled corporations to be transferred

00:20to the Bureau of the Treasury. This is to fund unprogrammed appropriations which include flood

00:26control projects. Carpio says such a provision is not included in any previous GAAs which are the

00:32yearly national budget laws. PhilHealth and PDIC remitted 60 billion pesos and 107 billion pesos

00:38respectively of their funds in compliance with the directive. Carpio calls the provision

00:44unconstitutional saying PhilHealth and PDIC funds are trust funds that cannot be used for any other

00:49purpose. The retired justice says the mastermind of the scheme should be tracked down and public

00:54officials behind it should be held accountable.

Remitted PhilHealth, PDIC funds used for flood control projects — Carpio

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