Friday, January 31, 2014

Statement: The Deputy Presidential Spokesperson on the abolition of 3 PDAF-linked GOCCs

From the Website of GPH - Government of the Philippines

Statement: The Deputy Presidential Spokesperson on the abolition of 3 PDAF-linked GOCCs

Statement of Undersecretary Abigail F. Valte:
On the abolition of three PDAF-linked GOCCs
[January 31, 2014]

Public service is a public trust: in pursuit of maximizing efficiency and promoting accountability, President Benigno S. Aquino III gave his approval to the abolition of three government-owned or -controlled corporations (GOCCs), which had been implicated as conduits of fake PDAF allocations.

The three GOCCs are the Philippine Forest Corporation (PFC), ZNAC Rubber Estate (ZREC) and the National Agri-Business Corporation (NABCOR). The decision to abolish them was based on a financial viability and relevance to national development plans study conducted by the Governance Commission for GOCCs (GCG), which is the regulatory agency for such corporations.

Seeing that the three agencies neither fulfill the purposes for which they were created, nor had a tangible social impact, and that furthermore, they were no longer financially viable, the President gave his clearance for the formation of a Technical Working Group to wind down operations and transfer relevant functions and operations, as well as to attend to the separation pay for employees in keeping with Civil Service rules. However, any separation packages will be withheld for those found to have committed graft or other corrupt practices.

From the start of his administration, President Aquino has pursued a policy of promoting efficiency in government corporations, to ensure that they serve as a means for fostering national development and not as a conduit or facilitator of selfish agendas and crimes. More GOCCs may be abolished as the GCG fulfills its mandate to rationalize the GOCCs of the country.

GPH Website

Article links:


Human Rights Advocacy Promotions | Human Rights

Home - Human rights Promotions Website




Post a Comment