President-elect Ferdinand “Bongbong” Marcos Jr. (File photo)

MANILA – The political party of President-elect Ferdinand “Bongbong” Marcos Jr. has spent some PHP272 million during the 90-day campaign period for the recently-concluded May 9 national and local elections.

In a statement, lawyer George Briones, general counsel of the Partido Federal ng Pilipinas (PFP), said this was reflected in the Statement of Contributions and Expenditures (SOCE) which they filed at the Campaign Finance Office of the Commission on Elections (Comelec) in Intramuros, Manila on Monday.

“The SOCE of the Partido Federal ng Pilipinas (PFP) consists of 400 pages. The PFP spent PHP272 million by way of expenses in the last 2022 presidential campaign, which is well below the maximum expenditure of PHP337 million allowed by law for a national political party,” he added.

Under the law, all political parties are allowed to spend PHP5 for every voter currently registered in the constituency or constituencies, where it has official candidates.

Briones said the PFP's SOCE was signed and prepared by its national treasurer, Antonio Ernesto “Anton” Lagdameo, who is nominated as Marcos’s Special Assistant to the President (SAP).

The SOCE is the final Comelec requirement from the party pursuant to the Election Code and other Comelec resolutions.

Under Republic Act 7166, all candidates and treasurers of the political party shall, within 30 days after election day, file their full, true, and itemized statement of all contributions and expenditures in connection with the elections.

Based on Comelec Resolution No. 10695, the last day for the filing of SOCEs is on June 8.

Marcos is scheduled to hold his inauguration on June 30 at the National Museum in Manila. (PNA)