Completed infrastructure projects not turned over/transferred to recipient agencies amounting to P20.89 billion
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceDPWH completed a large number of infrastructure projects worth about P20.89 billion, but these projects had not been formally handed over to the agencies that would use them. Because of this, the assets remained in DPWH's records, and the accounts did not accurately reflect which agency was responsible for or owned the completed facilities. Some offices have started the transfer, but the work is not complete.
Why It Matters
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Original Audit Finding Excerpt
"P20,890,019,005.62 (See Table 9 – Projects not Turned-over/ Transferred to Recipient Agencies)"