PCSO Remits Php3.2-B Funds to National Government

Twitter: @edd1819, Instagram: @bluestar0910, Facebook: SDN — Science, Digital & Current Affairs​

By EDD K. USMAN

Short URL: https://wp.me/paaccn-djz

(SDN) — The Philippine Charity Sweepstakes Office (PCSO) on Monday (October 11, 2021) turned over Php1 billion to the Department of Finance (DOF).

This brings the PCSO’s remittance to the National Government made through the DOF’s Bureau of Treasury to Php3.2 billion in two years. The Php3.2 billion do not include PCSO’s millions of pesos disbursement to various government agencies qualified to receive financial assistance from the charity agency.

With not a cent from the General Appropriations Act (GAA) allocated to the PCSO, the charity agency relies solely for it operation from the revenue it generates from its many gaming products, such as Lotto, Small Town Lottery (STL), Keno and other numbers games, as well as from its ScratchIt card games.

Every peso the PCSO generates through its gaming products is allotted as follows: 55 centavos for Prize Fund; 30 centavos going to Charity Fund; and only 15 centavos to its Operating Fund.

Amounting to Php1 billion, the Philippine Charity Sweepstakes Office (PCSO) turns over to the National government the amount for its coronavirus response. From left: PCSO Accounting and Budget Department Manager Ma. Cristina Gregorio, PCSO General Manager Royina Marzan Garma, Bureau of Treasury Collecting Officer Purita Belgica, and PCSO Management Sector Services Assistant General Manager Arnel Casas. (Credit: PCSO)

PCSO General Manager Royina Marzan Garma led the turnover of the check worth Php1 billion to the Bureau of Treasury Collecting Officer Purita Belgica at the PCSO Headquarters along Shaw Boulevard, Mandaluyong City, Metro Manila.

PCSO Accounting and Budget Department Manager Ma. Cristina Gregorio and PCSO Management Sector Services Assistant General Manager Arnel Casas assisted Garma as they witnessed the turnover.

Corporate and Planning Department Manager Agnes Salgarino Ibera provided this information to members of the news media, emphasizing the Php1 billion remittance is for the government’s response to the coronavirus pandemic.

The PCSO is the principal revenue-generating agency for the national government.

It’s also the main source of medical and health assistance for poor Filipinos. (✓) 

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