Gov't cashless cards to solve unliquidated spending woes

Department of Budget and Management (DBM) Secretary Florencio Abad on Sunday said that the initial implementation of the Aquino administration’s Cashless Purchase Card System program is the first step in preventing unliquidated spending in government, especially in light of a Commission on Audit (COA) announcement that P5 billion in state funds have yet to be accounted for.

“Cashless cards will play a defining role in ridding government transactions of the corruption they’re notorious for. The cards will do away with petty cash advances and payments in procurement, and the details of each transaction will be recorded in real-time and on a web-based platform. Overall, the digitization of the procurement process will be key in ensuring that every peso spent by government officials and employees is well-spent and accounted for,” Abad said.