The transfer of 89.9B PhilHealth funds to the National Treasury through Circular No. 003-2024 of Department of Finance
Ralph Gerardo Recto • Secretary of Finance • Feb 27, 2024
The DOF issued Circular No. 003-2024, directing the transfer of PHP 89.9 billion to the National Treasury, representing the fund balance or excess reserve funds of the PhilHealth. In compliance, the PhilHealth remitted PHP 60 billion to the National Treasury in three tranches. The SC issued a temporary restraining order (TRO) against the transfer of the remaining PHP 29.9 billion PhilHealth funds and the further implementation of Special Provision 1(d) of the 2024 GAA and DOF Circular No. 003-2024.
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Quality Score: 15/100
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