Palace Admits PGMA Overspent Over P1 Billion
Note: this picture was just downloaded from the web. I didn't edit it. Malacañang admitted yesterday that the Office of the President had exceeded its budget allocation for travel expenses by over P1 billion from 2001 to 2009 but insisted that there was nothing wrong with it. Deputy Executive Secretary for administration and finance Susana Vargas presented figures showing the overspending at a press briefing in Malacañang yesterday. Vargas disclosed that P1.4 billion had been allocated for local and foreign trips of the Office of the President (OP) from 2001 to 2009 but the actual amount spent was close to P2.5 billion. Vargas noted that on a yearly basis, the OP received P130 million for travel expenses until 2007, when the figure was raised to P170 million and then to P244.6 million each for 2008 and this year. Malacañang’s disclosure came on the heels of an announcement by Bukidnon Rep. Teofisto Guingona III that the OP exceeded its travel budget by P1.3 billion from 2002 to 200...