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Published 1 month ago

Suppliers owed P1, 3 billion in payments due to GABS system failure

Summary by Ground News
As of March 7, 2024, there were 14,727 outstanding supplier invoices valued at over P1.3 billion. Despite the significant backlog, the Ministry of Finance said it diligently processed and paid over one million suppliers, totaling over P82 billion since April 2023. Minister of Finance Peggy Serame assured Parliament that Government Accounting and Budgeting System (GABS) has historically performed well.

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