Philippine Charity Sweepstakes Office (PCSO) chair Margie Juico stressed anew that the agency does not and has never released any amount to fund the President’s Social Fund.
PCSO is mandated to provide medical and dental services to the citizens of the Philippines through revenues derived from national sweepstakes and lottery operations. More than that, the PCSO reaches out to indigent Filipinos by supporting foundations and livelihood endeavors of Filipinos, especially in the provinces.
Juico has clarified the agency’s status amidst reports that President Benigno Aquino 3rd’s PSF is funded by government agencies such as the Philippine Amusement and Gaming Corp. (Pagcor) and PCSO.
Juico confirmed that the PCSO revenues generated in gaming activities are allocated and distributed strictly in accordance with the PCSO legal mandate: 55 percent to the prize fund, 30 percent to the charity fund and 15 percent to the operating fund.
Under the present stewardship, all disbursements of revenues are made strictly in accordance with pertinent laws and their implementing guidelines, rules and regulations.
“President Aquino never even tried to influence and never influences the PCSO Board in the allocation and distribution of the PCSO’s corporate funds. In fact, the President’s only directive for the PCSO Board is to equitably distribute PCSO resources and extend immediate and adequate assistance to those who deserve and need it most,” the PCSO statement said.
Juico assures the public that the PCSO will stay true to its commitment to extend assistance as directed by laws and does not tolerate any disbursements which do not conform to existing government rules and regulations.