SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
MANILA, Philippines (UPDATED) – President Benigno Aquino III’s wealth increased to P68.31 million in 2014, higher by about P1.8 million than what he declared in his Statement of Assets, Liabilities and Net Worth (SALN) the year before that.
In his 2014 SALN, Aquino declared a net worth of P68,311,644, all coming from his real and other personal assets. In 2013, Aquino declared a P66.49-million net worth, again all coming from his assets.
Aquino has been liability-free since 2011.
Contributing to the increase in Aquino’s wealth is a new residential lot in Antipolo City in his real assets. In 2014, he inherited the lot, with an acquisition cost of P507,393.
Aquino’s cash on hand and in banks also increased from P28.78 million in 2013 to P30.09 million in 2014.
Below is Aquino’s SALN since he assumed the presidency in 2010:
| |
2010 | 2011 | 2012 | 2013 | 2014 |
| Residential house and lot in Quezon City (inherited in 1984 and 2010) | P14,221,469 | P24,310,760 | P24,310,760 | P24,310,760 | P24,310,760 |
| Commercial lot in San Juan City (inherited in 2010) | P7,016,906 | P7,016,906 | P7,016,906 | P7,016,906 | P7,016,906 |
| Residential lot in Tarlac City (purchased in 1997) | P718,200 | P718,200 | P718,200 | P718,200 | P718,200 |
| Agricultural land in Tarlac City (purchased in 1987) | P113,750 | P113,750 | P113,750 | P113,750 | P113,750 |
| Agricultural land in Capas, Tarlac (inherited in 1979) | P2,818 | P2,818 | P2,818 | P2,818 | P2,818 |
| Residential land in Antipolo City (inherited in 2014) | – | – | – | – | P507,393 |
Motor vehicles |
P8,700,000 | P4,200,000 | P3,000,000 | P3,000,000 | P3,000,000 |
Cash on hand and in banks |
P6,223,704 | P26,215,001 | P27,413,341 | P28,778,920 | P30,088,988 |
Receivables |
P17,031,484 | P552,829 | P552,829 | P552,829 | P552,829 |
Other assets |
P1,200,000 | P2,000,000 | P2,000,000 | P2,000,000 | P2,000,000 |
Tax payables |
(P228,961) | – | – | – | – |
| NET WORTH | P54,999,370 | P65,130,264 | P65,128,604 | P66,494,183 | P68,311,644 |
The President receives a salary of P120,000 per month.
In a statement released Monday afternoon, Malacañang attributed the increase “to the President’s salary, interest income and a 1/5 share from property inherited from the Sumulong side of his family.”
“The title of the inherited property had to be reconstituted via court proceeding, which ended in 2014. Only then could it pass to the heirs,” said Deputy Presidential Spokesperson Abigail Valte.
The deadline of filing of annual SALN was on April 30. Aside from Aquino, Vice President Jejomar Binay and heads of constitutional offices are required to file their SALNs with the Ombudsman’s central office. – with a report from Janina Lim/Rappler.com
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.