COA reports undelivered equipment and supplies to PITC


The Audit Commission (Filipina Daily Inquirer file photo)

MANILA, Philippines – The Audit Commission (COA) called the Philippine International Trading Corp. (PITC) for the 582.56 million pula of unimplemented projects, equipment and supplies not delivered to the Armed Forces of the Philippines.

In its 2020 AFP Headquarters (GHQ) audit report, the COA said army funds transfer to PITC for the purchase of ammunition, equipment, tires, batteries, freight services and construction and rehabilitation of buildings, among others, in the GHQ has not been delivered for a period ranging from one to more than eight years.

Based on the PITC updates, state auditors said that the implementation of four AFP Modernization Law trust fund projects was “still ongoing”, although funds had been transferred in 2018.

In view of the maximum period of 136 days allowed for the purchase of goods under the revised implementing rules and regulations of the Public Procurement Act, the COA said that the PITC could have effected the delivery or completion projects if he had taken advantage of the given period. ]

Read more

Don’t miss the latest news and information.

Subscribe to INQUIRER PLUS to access The Philippine Daily Inquirer and over 70 titles, share up to 5 gadgets, listen to the news, download from 4 a.m. and share articles on social media. Call 896 6000.

For comments, complaints or inquiries, contact us.



Source link

Previous Americans seek tax break on bitcoin profits
Next Musk begins testifying in defense of Tesla's $ 2.6 billion SolarCity deal