Author: BCDA
Posted: January 08, 2014 | Category: General News
The state-owned Bases Conversion Development Authority (BCDA) has generated P60.21 billion in disposition proceeds for the period May 1993 to end-December 2013 or a P3.5 billion increase from the P56.70 billion it generated from May 1993 to end-December 2012 from the disposition of former Metro Manila camps the biggest of which are Fort Bonifacio and Villamor Airbase.
Of the generated P60.21 billion in disposition proceeds for the past 20 years, the AFP got the lion’s share at P25.36 billion. The amount comprises P13.98 billion remittances for the AFP modernization program and P11.38 billion spent for the Military Replication facilities. An additional P1.52 billion is set to be remitted to the National Treasury for the AFP modernization program on GOCC Day for CY 2013.
“The additional P1.52 billion generated for the AFP will be remitted to the National Treasury soon. Once remitted, the AFP can draw this amount from the National Treasury to fund its modernization program,” BCDA President Arnel Paciano D. Casanova said.
Casanova noted that the BCDA is ever mindful of the critical funding requirements for the AFP Modernization Program. “Rest assured, the BCDA will always work for the interest of the Filipino soldier in delivering the much needed funds to ensure and sustain a strong and well-equipped armed forces,” he said.
Casanova said that of the generated P60.21 billion in disposition proceeds for the period May 1993 to December 2013, BCDA’s share amounted to P12.52 billion while the share of the 14 government beneficiary agencies under A.O. 236 was at P7.36 billion. The remaining amount represents payments for taxes and fees related to disposition, replication of non-military facilities, share of the contiguous municipalities and direct expenses consisting of relocation of informal occupants, construction of site development projects, and administrative expenses.
He pointed out that the shares of the AFP and the 14 government beneficiaries were directly remitted to the National Treasury. In turn, the Department of Budget and Management (DBM) is responsible for the programming and releasing the appropriation to the AFP to finance their modernization program.
The 14 government beneficiaries include the 1) National Housing Authority, National Home Mortgage Finance Corporation and Home Insurance and Guarantee Corporation; 2) Philippine Health Insurance Corporation; 3) Department of Public Works and Highways and the Department of Transportation and Communications; 4) Philippine Veterans Affairs Office; 5) Commission on Higher Education; 6) Department of Science and Technology; 7) Office of the Secretary, Department of Justice and the Ombudsman; 8) Mount Pinatubo Assistance, Rehabilitation and Development Fund; 9) Bureau of Investigation, Bureau of Corrections, Philippine National Police and the Bureau of Jail Management and Penology; 10) Supreme Court of the Philippines and Lower Courts, Sandiganbayan, Court of Appeals and Court of Tax Appeals; 11) Department of Education, Culture and Sports, Department of Social Welfare and Development; 12) Department of Labor and Employment; 12) Department of Social Welfare and Development; 13) Mount Pinatubo Assistance, Rehabilitation and Development; 14) Philippine Economic Zone Authority.