MANILA, Philippines — The Department of Finance (DOF) is seeking the return of some P33 billion “parked” in the coffers of the Philippine International Trading Corporation (PITC) to the national government.
This was according to Senate Minority Leader Franklin Drilon, who was furnished a copy of the letter sent by Secretary Carlos Dominguez to Budget Secretary Wendel Avisado.
In the letter dated Nov. 25, Dominguez asked Avisado to recommend to President Rodrigo Duterte to issue a directive for the immediate return of the funds in question.
“[W]e would like to request for the endorsement to the President by the Department of Budget and Management (DBM) for the return to the Bur…
Keep on reading: DOF seeks return of P33B ‘parked’ in PITC to gov’t coffers – Drilon