P61M DAP funds unliquidated by PIDS – COA
Over P61 million in Disbursement Acceleration Program (DAP) funds transferred by the Philippine Institute for Development Studies (PIDS) to the Commission on Higher Education (CHEd) remains unliquidated in 2016, state auditors said.
In its 2016 annual audit report, the Commission on Audit (COA) said the Department of Budget and Management released to PIDS the amount of P560 million for the implementation of the Grant-in-Aid for Research and Development Extension (RDE) Projects, a component under the Institutional Capacity Building Program of leading State Universities and Colleges (SUCs) to be jointly implemented by the PIDS and the CHEd.
PIDS and CHEd entered into a Memorandum of Agreement on February 27, 2012 to jointly implement the RDE projects, COA said.
The Bureau of Treasury transferred the fund for RDE projects to PIDS in two tranches – P504 million and P56 million. On June 20, 2012, PIDS transferred the amount of P504 million to CHED for the RDE projects of state universities and colleges.
But auditors said a balance of P61.561 million remained unliquidated as of December 31, 2016 for about four years and six months.
Auditors reminded the PIDS management that COA Circular No. 94-013 provides that within 10 days after the end of each month or the end of the agreed period for the project, the Implementing Agency should submit the Report of Checks Issued and the Report of Disbursement to report the utilization of the funds.
COA recommended that the PIDS management require CHEd and the state universities and colleges to liquidate the remaining DAP funds in the amount of P3.261 million and P58.3 million, respectively.
The PIDs management commented that it is closely monitoring CHEd and the concerned state universities and colleges for the submission of the audited liquidation reports.
PIDS is a non-stock, non-profit government research institution which aims to provide analyses of socio-economic problems and issues to support the formulation of plans and policies for sustained social and economic development in the Philippines; establish a continuing channel of communication between policy makers and planners, on one hand, and researchers, on the other; and establish a repository for economic research information and other related activities.
The PIDS Board of Directors is chaired by National Economic Development Authority secretary.
The DAP, the stimulus package under the administration of erstwhile president Benigno Aquino III, was intended to fast track public spending and stimulate economic growth. The Supreme Court declared some parts of the program illegal over public outcry that it was the executive’s pork barrel.