Wednesday, July 9, 2014

DND returns P10-M unutilized DAP funds

From InterAksyon (Jul 9): DND returns P10-M unutilized DAP funds

A ranking source from the Department of National Defense (DND) on Wednesday revealed that the agency returned P10 million of the P665.6 million worth of "Disbursement Acceleration Program" (DAP) funds it received during fiscal year 2011-2012.

The total DAP fund the agency got was broken down as: P397.3 million for the Philippine Air Force which used the money for the upgrade of its flying facilities; P248.3 million for Presidential Security Group which utilized the fund for its communication enhancement project; and P10 million for the upgrade and rehabilitation of Army facilities in Fort Magsaysay, Nueva Ecija.

The source said another P10 million was allocated for the housing project of the Navy, but this was not utilized as the program did not push through.

"It was returned to the National Treasury (in the last quarter of 2013) as it was not utilized," the high ranking official said.

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