Erap shocked over Manila’s P4.3B cash deficit

In a statement, Former President and Manila Mayor Joseph “Erap” Estrada said he was shocked by a report of Commission on Audit (COA) report saying his administration left the city with a cash deficit amounting to P4.39 billion.
Former Manila Mayor Erap Estrada / Photo from ABS-CBN

According to Estrada, he actually left around P10.3 billion in the local government treasury as he ended his term last June 30.

Ako ay lubhang nagtataka kung paano kami magkakaroon ng cash deficit. Ang pahintulot ng paglalabas ng aming mga pondo ay per quarter. Ang bawat gastusin para sa infra projects at supplies ay may angkop na certificate of availability of funds or cash,” Estrada said.


Ang masasabi ko lang, sa nakaraang anim na taon, ang bawat COA audit memo o findings na aming natatanggap ay agad kong pinasasagot sa mga kinauukulang department heads,” he added.

Recently, Mayor Isko Moreno bared that the administration of his predecessor spent P2.9 billion on commercial contracts in just a month after the midterm elections, or before leaving office.

"Nagiging malisyoso ba tayo? Hindi. Pero the fact is you spent P2.9 billion in 30 days paying commercial contracts. 'Yung June 21 alone siguro about a little [over] 2 dozen transactions issued in 1 day. What’s the hurry?" he told ANC's Dateline Philippines.

Moreno, however, said he would not investigate the matter and instead wait for the audit report.

"I don’t want to spend my time going after those people. If they were found by any agencies of the government liable, they’re going to be liable," he said.

"Hahabulin namin sila kapag napatunayan na sila’y may pagkukulang, may pagmamalabis sa awtoridad na pinagkaloob sa kanila."


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Source: Inquirer, ABS-CBN
Erap shocked over Manila’s P4.3B cash deficit Erap shocked over Manila’s P4.3B cash deficit Reviewed by Nathan Singson on July 08, 2019 Rating: 5

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