The Partido Federal ng Pilipinas on Monday said it spent P272 million for the campaign of its chairman, president-elect Bongbong Marcos, according to its Statement of Contributions and Expenditures or SOCE for the May 9 elections.
The SOCE is a requirement to be submitted by all candidates and political parties to the Commission on Elections which itemizes all contributions and expenditures they received and incurred for the elections, regardless of the results.
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"The PFP spent P272 million by way of expenses in the last 2022 presidential campaign, which is well below the maximum expenditure of P337 million allowed by law for a national political party," said George Briones, general counsel for the political party, in a statement.
The political party's 400-page SOCE was signed and prepared by its national treasurer, Anton Lagdameo, who was also recently appointed by Marcos as his Special Assistant to the President.
Under Republic Act No. 7166, political parties may only spend P5 for every voter currently registered in an area where they fielded candidates. Candidates for president and vice president, meanwhile, have a campaign spending limit of P10 per voter.
A measure to increase the campaign spending limit for candidates and political parties was tackled in the Senate last year but it failed to hurdle the plenary.
Aside from his political party, Marcos himself is also expected to submit his own SOCE before the Comelec deadline on June 8.
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