The two lump-sum funds were meant for economic development and disaster mitigation, and financial assistance for law enforcers, respectively. Pagcor proceedsMeanwhile, COA also reported that OP was only able to collect P5 billion from Pagcor on Dec. 29, 2016. The amount represents the share of Pagcor’s net income which should have gone to the President’s Social Fund beginning June 2014. ADVERTISEMENTThe PSF is a lump-sum fund meant for financial assistance, medical and burial assistance, educational assistance, subsistence allowance, livelihood assistance and housing assistance for government employees and law enforcement officers. Although it was belated, COA still “commended” OP under the Duterte administration for finally being able to collect its share of Pagcor earnings.

Source: Philippine Daily Inquirer July 12, 2017 09:00 UTC