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Tag: Procurement Service of the Department of Budget and Management

Enough PITC, PS-DBM shenanigans! Drilon seeks ban on parking of funds

To prevent a repeat of scandals involving the Procurement Service of the Department of Budget and Management (PS-DBM) and the Philippine International Trading Corp. (PITC), Senate Minority Leader Frank Drilon proposed a provision in the national budget that will prohibit agencies from “parking” their funds to skirt procurement laws and the expiration of the authority to use the funds.