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President-elect Ferdinand "Bongbong" Marcos Jr.’s political party, Partido Federal ng Pilipinas (PFP), spent a total of P272 million in campaign funds, according to a submitted Statement of Contributions and Expenditures (SOCE) filed by the party before the Commission on Elections on Monday.
The PFP’s SOCE, filed and prepared by its national treasurer and incoming Special Assistant to the President Antonio Ernesto Lagdameo, was within the maximum amount a political party is allowed to spend during an election, according to PFP’s general counsel Atty. George Briones in a statement.
“The PFP spent P272 million by way of expenses in the last 2022 presidential campaign, which is well below the maximum expenditure of P337 million allowed by law for a national political party,” said Briones.
Meanwhile, only two of the losing presidential candidates in the 2022 polls have already complied with this requirement – Senator Ping Lacson, who was the first among the presidentiables to file on June 3, and Dr. Jose Montemayor Jr.
According to Republic Act No. 7166, all candidates and treasurers of political parties are obliged to file, within 30 days after the elections, their “full, true, and itemized statement of all contributions and expenditures in connection with the election.”
The last day of filing of the SOCEs is on June 8, 2022.
Marvin Joseph Ang is a news and creative writer who follows developments in politics, democracy, and popular culture. He advocates for a free press and national democracy. The views expressed are his own.
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