Duterte on PITC parked funds: Walang isyu d’yan

By Prince Golez

President Rodrigo Duterte finds no fault with the Philippine International Trading Corp. (PITC) holding on to the P33 billion in idle funds of its client-agencies, his spokesman said Tuesday.

The Department of Finance (DOF) earlier requested the Department of Trade and Industry (DTI), who oversees the PITC, to return the funds that are not being utilized in its coffers to the national government.

“Sabi ng Presidente, wala namang isyu diyan. E ano kung P33 billion ang nakabinbin, pero hindi ibig sabihin na idle lang po yan. Yan po ay undergoing different stages of procurement,” Presidential Spokesperson Harry Roque said in a televised briefing.

Roque said the PITC will fully remit to the national treasury P100 percent of interest it generated from the P33 billion.

“Naanunsyo ni (Trade) Secretary (Ramon) Lopez na bagamat sa legal charter ng PITC ay pupuwede nilang kunin yung interes doon sa P33 billion at ang ibibigay lang ngayon sa national government ay 50 pecent. Dahil nga po kinakailangan natin ng pondo para sa COVID, ibibigay na nila 100 percent na interes na tinubo nung 33 billion,” according to him.

“Makipagugnayan ang DTI, DOF at DBM (Department of Budget and Management). Isa-isahin yung mga pondo na ibinigay sa PITC at aalamin yung alin dun ang tuloy na proyekto o hindi. Yung mga hindi na tuloy na proyekto, yan po yung ibabalik ng mga ahensya na nagbigay ng pondo sa PITC sa national treasury nang magamit ng Presidente sa ibang pamamaraan,” he said.

The post Duterte on PITC parked funds: Walang isyu d’yan first appeared on https://politics.com.ph.

Source: Latest Politics News Today (Politics.com.ph)