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Return the PDIC funds, too
The Philippine Star
|December 08, 2025
The P60 billion pilfered from the Philippine Health Insurance Corp. to finance the congressional pork barrel is not the only amount that must be restored.
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A bigger amount is the P107.23 billion impounded together with the PhilHealth "excess funds," through a wave of the magic wand at the bicameral conference on the 2024 national budget, and implemented through a department circular released by then finance secretary Ralph Recto.
That P107.23 billion came from a trust fund, the Deposit Insurance Fund, mandatorily contributed to the PDIC by all private and government banks from their depositors. The PDIC was created by virtue of Republic Act 3591 in June 1963, with its principal mandate of protecting all bank deposits. The DIF currently covers up to P1 million in deposits per bank account.
Cette histoire est tirée de l'édition December 08, 2025 de The Philippine Star.
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