P-Noy Richer By P10 Million In 2011

It was stated and showed in the latest statement of assets, liabilities and net worth (SALN) of President Benigno Aquino III that he grew richer by P10.130 million last year which was then submitted to the Office of the Ombudsman.

Aquino declared that as of December 31, 2011, he is to be worth P65.130 million, with P32.162 million in real properties and P32.967 million in personal and other assets, as opposed to P54.999 million in the previous year.

The increase of Aquino’s wealth last year is mostly revealed in the value of his real properties, which amounted to P22.073 million as of December 31, 2010.

His house in Quezon City was identified under inheritance was previously declared to be worth only P13.796 million but today was now valued at P23.6 million.

Aquino’s personal and other properties which cover motor vehicles, cash on hand and cash in bank, receivables, and other assets went down a little from P33.155 million in 2010 to PP32.967 million last year.

In total, Aquino’s net worth grew from P50.194 million as of June 30, 2010 to P65.130 million as of Dec. 31, 2011, after 18 months in office with an annual income of P1.212 million.

Aquino had earlier explained that the increase in his net worth last year can be attributed to inheritance, the transfer or documentation of which were completed only in 2011.

Aquino has so far submitted three SALNs before the Office of the Ombudsman, which is the official depository of the same along with that of the vice president and the heads of other constitutional bodies.

Aquino’s predecessor, former President Gloria Macapagal-Arroyo’s SALNS show that she grew richer by as much as P76 million during her nine years in office, from 2001 to 2010.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>