State auditors from the Commission on Audit (COA) raised their brows on the magnanimity of the Government Service Insurance System (GSIS) to condone P14.04 billion which the Department of Education (DepEd) was supposed to pay as interest for its failure to remit on time the monthly deduction that teachers see on their pay slips.

On top of this, GSIS also offered a 5-percent discount worth P346 million to DepEd.

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