Non-financial gov’t assets at P1.3T

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    The Bureau of the Treasury (BTr) said it has recorded P1.3 trillion worth of non-financial government assets such as roads, school buildings and power plants that it will include in the National Asset Registry System (NARS).

    Currently, NARS, which provides the government with a consolidated database of its non-financial, strategically important assets, has an initial 533,925 asset data count in its system, according to National Treasurer Rosalia de Leon.

    “These include 348,938 school buildings under the Department of Education (DepEd); 8,337 bridges and 33,119 kilometers of roads under the Department of Public Works and Highways (DPWH); and 247 irrigation facilities and dams maintained by the National Irrigation Administration,” de Leon said in a report to Finance Secretary Carlos Dominguez III.

    De Leon said the NARS database also lists 122 social welfare centers of the Department of Social Welfare and Development; 1,580 towers of the Department of Information and Communications Technology; 15 power plants under the Power Sector Assets and Liabilities Management Corp.; and 268 government hospitals and 68 rehabilitation centers under the Department of Health.

    In 2017, the BTr launched NARS to maintain a reliable inventory of the national government’s non-financial assets and help in the monitoring, inspection and validation and management of assets under its custody. – Ruelle Castro