The Office of the President (OP) has accumulated P436.9 million in unliquidated cash advances, according to the Commission on Audit (COA).
In a 2013 report on the OP, the COA said cash advances to regular and special disbursing officers due for liquidation as of December 31, 2013 has reached P436,928,955.35.
Of this amount, P425,614,804.99 or 97.41 percent was not settled by previous administrations, while the current administration has yet to liquidate P11,089,554.33.
“Our analysis of the accounts Advances to Officers and Employees (148) and Other Receivables (149) showed that the total outstanding balance as of December 31, 2013 amounted to P598,117,305.18, of which 26.95 percent or P161,188,349.83 were cash advances (CAs) granted during the year, thus not yet due and demandable, leaving a balance of P436,928,955.35 as the unliquidated CAs due as of the year end,” auditors said.
“The cash advances granted under accounts 148 and 149 amounting P4,246,875.12 and P156,941,474.71, respectively, are those granted to officials and employees of the OP in connection with their official local and foreign travels, as well as confidential expenses that are not yet due for liquidation and/or yet to prescribe at the end of December 31, 2013,” they said.
Further analysis showed that P11,089,554.33 of the total amount of advances due for liquidation was for the current administration and P425,614,804.99 pertained to the previous administrations, they added.