BBM spends P272 million on presidential campaign

The camp of president-elect Ferdinand Marcos Jr. said on Monday, 6 June that his party, Partido Federal ng Pilipinas (PFP) spent P272 million during the presidential campaign.,PFP General Counsel George Briones said in a statement that their campaign spending was below the maximum expenditure of P337 allowed under the law for a national political party.,“The PFP spent ₱272 million by way of expenses in the last 2022 presidential campaign, which is well below the maximum expenditure of ₱337 million allowed by law for a national political party,” Briones said.,Briones said PFP’s National Treasurer Antonio Lagdameo, who Marcos nominated as its Special Assistant to the President prepared and signed the 400-page Statement of Campaign Expenditures (SOCE) which was filed before the Commission on Elections (COMELEC).,Under Section 14 of Republic Act 7166, it states that: “every candidate and treasurer of the political party shall, within thirty (30) days after the day of the election, file in duplicate with the offices of the Commission the full, true, and itemized statement of all contributions and expenditures in connection with the election,”,It also states that: “No person elected to any public offices shall enter upon the duties of his office until he has filed the statement of contributions and expenditures herein required,”,The law also states the same prohibition applies if the political party which nominated the winning candidate fails to file the statement required within the period prescribed.,As of Friday, the COMELEC Campaign Finance Office disclosed that Senator Panfilo Lacson, who ran for president already file his SOCE there is no vice-presidential candidate who filed their SOCE yet.,Among the 64 Senatorial candidates, retired Philippine National Police Chief Guillermo Eleazar and former Senator Antonio Trillanes IV already filed their SOCE.,11 out of 177 partylist groups had filed their SOCE, namely: Abono; Senior Citizens; Bisaya Gyud; Ang Kabuhayan; Ako Bisaya; Kabalikat ng Mamamayan; Abante; Anakpawis; Ang Bumbero; Bayan Muna; and A Teacher.,Only UNIDO had filed their SOCE on the political parties.,All candidates, whether they win or lost in the elections are required to submit their SOCE on or before 8 June. Winning candidates who failed to file their SOCE cannot assume their duties or functions in the office, with an administrative fine of P1,000 to P30,000 for the first offense, while in the second and subsequent offense, they may face perpetual disqualification to hold public office with an administrative fine of P2,000 to P60,000., ,The poll body has yet to release the SOCE of candidates who ran for the 2022 polls.