Entire Marcos presidential campaign ‘funded externally’

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Supporters of presidential candidate Ferdinand
Supporters of presidential candidate Ferdinand "Bongbong" Marcos Jr. gather to celebrate as partial results of the 2022 national elections show him with a wide lead over rivals, outside the candidate's headquarters in Mandaluyong City, Philippines, May 10, 2022. REUTERS/Willy Kurniawan

The camp of Ferdinand “Bongbong” Marcos Jr. declared in his Statement of Contributions and Expenditures (SOCE) that he spent P623.23 million for his campaign, just a few million shy from the P674 million spending limit of the Fair Election Act.

As seen in his SOCE, Marcos Jr. did not spend a single peso from his pocket, with “P0” listed across “expenditures paid out of personal funds/resources.” This means that the entire Marcos presidential campaign was done using only contributions.

Here is the breakdown of the P624.68 million contributions.

Meanwhile, this is the breakdown of expenditures.

Deducting the latter amount from the sum of contributions, Marcos Jr. has exactly P1,454,143.41 of unspent contributions.

The presidential campaign for Marcos Jr. spent over 4 times the amount of his failed 2016 vice presidential bid. During that election, P140.54 million was spent, and P9.84 million came out of his own pocket.

As the other SOCEs are yet to be made available, among the three presidential elections that happened in the past 12 years, Marcos Jr. spent the largest. In 2010, the top campaign spender was the late President Benigno Aquino III at P403.12 million. In 2016, it was Grace Poe at P510.85 million.

Meanwhile, Partido Federal ng Pilipinas (PFP), Marcos Jr.'s political party, declared that they spent P272 million for the campaign. Spending limits are different for individual candidates and political parties.

Mark Ernest Famatigan is a news writer who focuses on Philippine politics. He is an advocate for press freedom and regularly follows developments in the Philippine economy. The views expressed are his own.

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