Large outstanding balance for Malampaya funded projects
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceA large amount of money associated with special projects still hasn't been resolved.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Furthermore, only a balance of P159,023,316.91 remains after issuance of NSSDC by COA amounting to P236,394,471.80 on some projects with related cases to Malampaya Funded projects."