Statement by DBM Secretary Florencio B. Abad on his SALN

March 17, 2012 1:06 am 

MANILA, March 16 — “Since I joined the Government, I have faithfully submitted my Statement of Assets, Liabilities and Net Worth (SALN). My public service records— whether in Congress or Cabinet — will bear me out that I never missed a year of filing my SALN. Everything I own and their corresponding value — whether real property, investments or even artwork and books — has been faithfully disclosed in my SALN.

“I acknowledge though that with respect to my real properties, I have declared their value based on the assessed value, which has been the basis of the taxes I have paid against these. In all my years in public service, my attention has never been called to this, whether by the Civil Service Commission, the Office of the Ombudsman or the Commission on Appointments.

“In the interest of transparency, I will review my previous SALNs and include the acquisition cost and the fair market value, to the extent that the pertinent documents are still available. This will also be reflected in the SALN that I will file in April for year 2011.” (PNA)

scs/PR/ssc

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