Close  

PSC: Protocols in place to ensure proper use of P6-billion SEA Games funds

By: - Reporter / @junavINQ
/ 08:06 PM July 31, 2019
william ramirez

PSC chair William Ramirez. Tristan Tamayo/ INQUIRER.net

MANILA, Philippines–Safety protocols have been put in place to safeguard the government funds intended for the country’s hosting of the 30th Southeast Asian Games.

Philippine Sports Commission Chairman Butch Ramirez on Wednesday said the government sports agency would install clear guidelines on the process of disbursement to ensure the proper use of public funds.

ADVERTISEMENT

The Philippines will play host to the Games to the tune of P6 billion with the Philippine Olympic Committee, Philippine Southeast Asian Games Organizing Committee (Phisgoc) and the PSC vowing to use the funds efficiently for the success of the 11-nation sportsfest.

“As instructed by the President, we shall shield the athletes to allow them to focus on their training and assist in the hosting of the Games by ensuring the proper and timely processing of funds,’’ said Ramirez.

FEATURED STORIES

The PSC chief explained that the Department of Budget and Management will manage the disbursement of funds along with the procurement service for the purchase of equipment, fixtures and other requirements for the Games.

He pointed out that the process would begin as soon as the PSC receives a request from Phisgoc with supporting documents such as the board resolution of the latter approving the said requisition.

The PSC would then scrutinize and evaluate the budget proposal of Phisgoc and the quality of the requirements to be purchased before forwarding them to the DBM, which has the final say on the transaction.

Ramirez said previous releases are required to be cleared first before a new set of funding is disbursed, a policy that the PSC applies to national sports associations to avoid unliquidated accounts.

As the fund-disbursing body to Phisgoc, PSC has acknowledged the fact that it has the burden of accountability.

“We want to ensure that everything is above-board. It is our signatures that will be affixed on those documents, thereby holding us accountable,’’ said Ramirez.

“I have already explained that the PSC must work within the existing auditing and accounting rules in the transaction,’’ added Ramirez.

ADVERTISEMENT

A group composed of lawyer Kim Raissa Uy from the Office of the Executive Secretary Salvador Medialdea, Assistant Secretary Joseph Encabo of the Presidential Management Staff and PSC executive director Merlita Ibay and the office Senator Bong Go will also strictly monitor the budgetary requirements of the Games.

The group will report to Medialdea on a weekly basis.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 2019 SEA Games, Philippines, Phisgoc, PSC, SEA Games
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.