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Ex-DOF chief: Reallocating idle gov't funds practiced in the past

Manila Bulletin

April 4, 2025

The practice of reallocating idle government funds is nothing new as it has been done in the past to respond to national emergencies.

- By REY PANALIGAN

This was what former Finance secretary Margarito B. Teves told the justices of the Supreme Court (SC) during the April 2 oral arguments on the transfer of the P89.9 billion idle funds of the Philippine Health Insurance Corporation (PhilHealth) to the National Treasury.

Before the SC issued a temporary restraining order (TRO) on the transfer, P60 billion had already been transferred to the National Treasury.

Teves was one of the amici curiae (friends of the court) invited by the SC to help in the resolution of the three petitions filed against the transfer of the PhilHealth funds.

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