DFA Undersecretary Domingo Nolasco reported this at yesterday’s hearing of the House committee on appropriations on its P27.15-billion budget allocation for 2025.
Asked by the panel’s senior vice chair and Marikina Rep. Stella Quimbo about the value of DFA properties overseas, Nolasco said the agency is currently doing an appraisal and inventory of the properties as part of the requirements of the Commission on Audit.
“We are currently undergoing the … cleansing of our properties because most of our properties are still recorded in the acquisition cost, like $14,000, but the actual value now is much more,” he noted.
This story is from the August 14, 2024 edition of The Philippine Star.
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This story is from the August 14, 2024 edition of The Philippine Star.
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