Erap shocked over Manila’s P4.3B cash deficit: I left P10.3B excess funds

Erap shocked over Manila’s P4.3B cash deficit: I left P10.3B excess funds

Former Manila Mayor Joseph “Erap” Estrada is in hot water.

Being in the collateral end of the city changing policies Isko Moreno is doing, this one he did not expect to be an issue about him.

Commission of Audit (COA) reported that his administration left the Manila City a cash deficit amounting to P4.39 billion.

Former Mayor Joseph "erap" Estrada (photo credit to owner)

He is claiming that when he left the city hall, he left the city a sizeable amount – P10.3 billion to be exact in the local government treasury as he ended his term last June 30.

“Ako ay lubhang nagtataka kung paano kami magkakaroon ng cash deficit. Ang pahintulot ng paglalabas ng aming mga pondo ay per quarter. Ang bawat gastusin para sa infra projects at supplies ay may angkop na certificate of availability of funds or cash,” Estrada said in a prepared statement.

“Ang masasabi ko lang, sa nakaraang anim na taon, ang bawat COA audit memo o findings na aming natatanggap ay agad kong pinasasagot sa mga kinauukulang department heads,” he added.

The former president asserted that the most of the audit observations submitted have been addressed when he was at the Manila city hall.

He also said his department heads cooperate with COA accountants, and properly coordinate with the incumbent Moreno administration and COA to clarify the issue with the city funds.

“Noong 28 June 2019, ang City Treasurer ng Manila na si Josephine Daza ay naglabas ng sertipikasyon na P10.3 bilyon ang pondong naiwanan sa pagtatapos ng aking termino,” he pointed out.

“Sa aking pagkakaalam, nagpalabas din siya ng isa pang sertipikasyon noong 1 July 2019 na ang pondo ng Maynila ay higit sa P10.3 bilyon. Naniniwala ako na higit ang naiwanan kong pondong P10.3 bilyon sa mga naiwanang bayarin,” he added.

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Report from PDI

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