COA: P1.4B cash grant unclaimed
MANILA — The Commission on Audit has flagged the non-withdrawal of P1.426 billion in conditional cash transfers, which have not been touched by 2.65 million beneficiaries.
This showed many beneficiaries were “not actually in need of financial assistance,” COA said in its 2016 consolidated report on Official Development Assistance programs and projects.
A total of P1.239 billion or 87 percent of the P1.426 billion, have not been withdrawn at all for at least 30 days up to six years.
COA recommended that the Department of Social Welfare and Development fast-track the validation and reassessment of the eligibility of the concerned beneficiaries and immediately delist ineligible ones.
DSWD should also coordinate with Land Bank of the Philippines, so it could recover the unwithdrawn amounts to be remitted to the Bureau of the Treasury.
Yet COA said P3.108 billion of unclaimed cash grants refunded by LBP conduits from 2013 to 2016 have not been returned to the Treasury.
COA also observed that fund transfers to LBP as cash grants amounting to P7.659 billion for the years 2012 to 2016 have remained unliquidated as of Dec. 31. It noted that the memorandum of agreement provided for LBP to submit the liquidation documents within five working days from the last scheduled payout.
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