Could almost make any reader cry in frustration... :( - TopicsExpress



          

Could almost make any reader cry in frustration... :( Corruption’s staggering cost to national well-being By Rafael Alunan III In 2012, Commission on Audit Chair Grace Pulido-Tan reported that the government lost over P100 billion to graft and corruption in 2011 alone. To put things in perspective, the report listed 19 schemes by which various government agencies siphoned taxpayers’ money big-time. Topping the list was “under-assessment or under-collection,” where government lost P20.8 billion from 157 recorded cases. Next was profligacy or reckless spending, accounting for P18.6 billion from 1,642 cases. Third were questionable supply contracts -- signed without public bidding or without complying with Republic Act 9184 (Government Procurement Reform Act) -- in which 692 defective contracts cost the public P15.163 billion. Link to full article: bworldonline/content.php?section=Opinion&title=Corruption’s-staggering-cost-to-national-well-being&id=89647 Posted on June 23, 2014 08:26:53 PM on BusinessWorld Online (The author served on the cabinets of President Fidel Ramos and President Corazon Aquino as Secretary of the Interior and Local Government and Secretary of Tourism, respectively.)
Posted on: Wed, 25 Jun 2014 07:19:42 +0000

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