Gov't losing over ₱600M in unpaid fishport loans
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The government fishery modernization program in the provinces has suffered huge setbacks resulting from local politics and failure of its fishery infrastructure arm to monitor a total 54 municipal fish ports built for over ₱700 million. The Commission on Audit (COA) has blamed poor monitoring of the projects as among the reasons the government has been unable to recover the huge amount of funding it poured into the projects. In its 2011 annual audit report for PFDA, COA revealed that only ₱464,107.27 was collected from three out of the 54 municipalities that operated fishports built by the government.
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Rosario, B. R. (2013, March 23). Gov't losing over ₱600M in unpaid fishport loans. Manila Bulletin, pp. 1, 6.
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- Manila Bulletin [2422]