Political ads of top spenders worth more than their declared wealth

Ralf Rivas | Rappler.com
February 14, 2019

Former special assistant to the President Bong Go spends a whopping P422 million for his senatorial bid. The mystery? His net worth as of 2017 is only P12.85 million.

MANILA, Philippines – The Philippine Center for Investigative Journalism (PCIJ) tracked senatorial candidates’ spending on political advertisements and found something odd: the top spenders’ expenses exceeded their net worth.

PCIJ compared each candidates’ net worth, as declared in their Statement of Assets, Liabilities and Net Worth (SALN), to the ad placement data of Nielsen Media.

Former special assistant to the president Bong Go, who is running under the Hugpong ng Pagbabago-Partido Demokratikong Pilipino (HNP-PDP-LABAN) banner, spent P422 million.

However, his net worth is only P12.85 million. Go’s cash on hand or in bank is only at P3.9 million as of December 2017.

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