Saturday, February 12, 2011

FUND CONVERSION ALSO DONE IN DEPED, DOH, DND


By Paolo Romero (The Philippine Star)
The practice of “conversion” or the fraudulent use of allocated government funds for other purposes is not confined to the Armed Forces of the Philippines (AFP) or the Philippine National Police (PNP), but is also routine in other larger agencies like the Department of Education (DepEd), a member of the House committee on appropriations disclosed yesterday.

The source said the main source of “converted funds” would be the personnel services (PS) budgets – mainly for the payment of salaries and allowances – where disbursements are difficult to monitor.
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