Former lawmaker Zaldy Co has made explosive allegations, claiming that President Ferdinand “Bongbong” Marcos Jr. received ₱25 billion from supposed ₱100‑billion project insertions into the 2025 national budget.
Here’s the breakdown:
- Co says he was told by DPWH officials that 25% of the inserted budget would go to the Office of the President.
- He claims that he personally delivered suitcases of cash to Marcos’ residences in Forbes Park and at Malacañang, along with his team.
- According to Co, he received nothing from the alleged insertion — all the money went to Marcos and former House Speaker Martin Romualdez.
Marcos’ Response:
President Marcos dismissed the accusations, stating he does not even want to dignify Co’s claims.
Budget Secretary Amenah Pangandaman also denied the allegations, affirming that all appropriations ordered by the President were already part of the formal national expenditure plan and that the bicameral budget process was handled transparently.
Why This Matters:
- If Co’s allegations are true, this could indicate serious misuse or corruption at the highest levels, involving billions in state funds.
- The claim raises questions about the integrity of the 2025 budget deliberation process and may prompt oversight institutions like the Ombudsman or the Senate to investigate.
- Critics argue that Co has yet to substantiate his claims with concrete proof, and his sources remain unverified.