GOCC’s P53M receivables unliquidated

Intra-agency receivables of the National Resources Development Corp. (NRDC) totaling P53 million have remained unliquidated more than a year to almost four years since these were transferred to the implementing agency, the Philippine Forest Corp. (PFC), according to state auditors.

The NRDC is a government-owned and -controlled corporation (GOCC) attached to the Department of the Environment and Natural Resources (DENR) while the PRC, also a GOCC, is a subsidiary of the NRDC.