No guidelines in liquidating CCT fund after payout

THE Commission on Audit (COA) has discovered that no guidelines in liquidating cash advances made as payment for beneficiaries of conditional cash transfer (CCT) is in place to safeguard the huge amount of cash allocated for the country’s pro-poor program.

In the audit report of the Philippine Postal Corp. (PPC), state auditors uncovered that a total of P460.42 million could not be traced at the state’s postal service, which acts as a conduit and payout center of the Pantawid Pamilyang Pilipino Program.