MANILA Philippines — The camp of the incoming president Ferdinand “Bongbong” Marcos, Jr. disclosed that they spent over PHP623 million for the 2022 Presidential elections.
As stated on a portion of Marcos’ Statement of Contribution and Expenditures (SOCE), Marcos’ camp had spent P623,230,176.68 during the 90 days presidential campaign.
The document also showed that some P371.7 million expenditures were paid out of cash contributions, while around P251.4 million were “expenditures incurred using in-kind donations.”
According to the SOCE, Marcos Jr.’s “expenditures paid out of personal funds or resources amounted to “P0.00”.
The Partido Federal ng Pilipinas (PFP) previously filed the Statement of Contributions and Expenditures (SOCE) at the Campaign Finance Office of the Commission on Elections (Comelec) in Intramuros, Manila, on June 6 which showed that the party spent PHP272 million.
“The SOCE of the Partido Federal ng Pilipinas (PFP) consists of 400 pages. The PFP spent PHP272 million by way of expenses in the last 2022 presidential campaign, which is well below the maximum expenditure of PHP337 million allowed by law for a national political party.”Atty. George Briones, general counsel of the Partido Federal ng Pilipinas
Briones also mentioned that the PFP’s SOCE was signed and prepared by its national treasurer, Antonio Ernesto “Anton” Lagdameo, nominated as Marcos’s Special Assistant to the President (SAP).
In the Philippines campaign finance regulation, political can spend PHP5 for every voter currently registered in the constituency or constituencies where it has official candidates.
The last day for the filing of SOCEs is on Wednesday, June 8.
Marcos Jr. secured 31,629,783 votes in the May 9 presidential election, nearly double that of his closest rival, current Vice President Leni Robredo, which brings the Marcos family back to power after 36 years.