1Sambayan wants remitted P107.23B back to PDIC

DOF urged: Return P107 billion in PDIC funds

Political coalition 1Sambayan has urged the heads of the Department of Finance and the Bureau of the Treasury to promptly return over P107 billion of the Philippine Deposit Insurance Corp. that was remitted to the national treasury last year.

1Sambayan urges DOF, Treasury to return P107B to PDIC

The Philippine Deposit Insurance Corporation remitted P107 billion in January 2025 in compliance with a special provision in the 2024 General Appropriations Act that also authorized the transfer of PhilHealth’s P60 billion in ‘excess funds’

1Sambayan wants remitted P107.23B back to PDIC

MANILA, Philippines — Political coalition 1Sambayan on Sunday called on Finance Secretary Frederick Go and National Treasurer Sharon Almanza to return the P107.23 billion remitted to the National Treasury to the Philippine Deposit Insurance Corporation (PDIC). The amount was transferred back in January 2025 pursuant to Special Provision 1(d) of the Unprogrammed Appropriations under the 2024 General Appropriations Act (GAA), as implemented throug…