THE SCANDALOUS CASH LIQUIDATION PROBLEM OF THE U.P. SYSTEM

The U.P. System, the nest of Philippine intellectual and moral elite, has a serial cash liquidation problem. So why are these elites silent about it?

“Proper liquidation of people’s money” is now the buzz word in the Philippines, as the confidential fund use of the Vice President of the Philippines is being scrutinised, up to the last detail, including the manner it was withdrawn from the bank. This is such a noble task, as there must be transparency and accountability in how the people’s money is being utilised. The Filipino intellectual and moral elites are expectedly up in arms. Their Congressional and Senate allies are leading the fight. They write in major dailies pontificating on “proper liquidation” of people’s money.

These intellectual and moral elites mostly graduated from the University of the Philippines System (U.P. System), the premiere state university of the country, funded by the people’s money.

It is safe to assume that the U.P. System must be the paragon of proper liquidation of people’s money. This assumption is bolstered by the fact that its students and graduates are very militant whenever “proper liquidation” of people’s money are being discussed in society. These students and graduates must be trained well in the U.P. System, which must be leading by example on “proper liquidation.” So let’s check the the Philippine Commission of Audit (COA) report of the U.P. System

The reports are downloaded from the website of COA. The latest COA audit report of the U.P. System is 2022.

In the 2022 file Observations and Recommendations, COA issued the following statement in #13:

Okay, that doesn’t look so “proper liquidation.” It is a scandalous amount of unliquidated cash advances and fund transfers of PEOPLE’S MONEY: 62.7 million and 661 million.

Maybe this is just a rare phenomenon for the U.P. System, for after all it is the nest of Filipino intellectual and moral elites. So let’s check other years…

In the 2021 file Observations and Recommendations, COA issued the following statement in #15:

Did we just read it right? For over 10 years the U.P. system has an accumulated total of 31.3 million of unliquidated cash advances AND 1.9 billion of six years worth of unliquidated cash receivables. That doesn’t look like “proper liquidation of people’s money.”

Let’s stop here as this is scandalous enough.

Why is this not being talked about? These are people’s money. No matter how you look at it, these are scandalous cash liquidation problems. The answer perhaps lies in the fact that the Filipino intellectual and moral elites don’t want to talk about this because they might lose their moral ascendancy. Do as they preach, but not as what they do.

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