P700 billion lost yearly due to corruption- Dep. Ombudsman

What could the Philippines do with an extra P700 billion in its annual budget?

News came out that the country is losing around P700 billion, or around 20 percent of the country's total budget appropriation, yearly, due to corruption.

Deputy Ombudsman Cyril Ramos, said the country ranked the 6th most corrupt among Asia Pacific countries.

(photo credit to owner)

“We need to keep reminding ourselves how destructive corruption is, especially for developing countries like ours," he said

The Deputy Ombudsman said the amount if used by government will be equivalent to 1.4 million housing for the poor, medical assistance for around 7 million Filipinos, or a rice buffer stock that can last for more than a year, he added.

“With that amount, no Filipino would get hungry.” he said.

National Police Commission's summit on crime prevention

The deputy Ombudsman made that statement during the National Police Commission’s summit on crime prevention, the said summit is attended by officials of government agencies and various community sectors, seeks to improve crime situation through effective strategies on how to combat criminality including crimes of corruption.

The results of the summit will help rationalize the framework for crime prevention for the next three years of the Duterte administration.

The policy recommendations that will be formulated in the summit will be given to President Rodrigo Duterte for approval.

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Report from ABS-CBN News