Tetangco highest paid government official for 2016 – COA

MANILA, Philippines — For two consecutive years, Bangko Sentral ng Pilipinas (BSP) governor Amando Tetangco Jr. topped the list of highest paid officials of the government.

 

Based on Commission on Audit's “Report on Salaries and Allowances” or ROSA of government officials for 2016, Tetangco received a total pay of P15.912 million.

 

This included P7.8 million as basic salary, P24,000 as additional compensation and honorarium, P2.778 million as allowances, P2.969 million worth of bonuses and P1.039 million discretionary funds and miscellaneous expenses.

 

Tetangco, who is about to retire next month, also topped the ROSA list in 2015 with total pay of P13.957 million.

 

Meanwhile, seven other BSP officials also made it to the top ten highest paid officials last year.

 

Second on the 2016 ROSA list is Tetangco's successor BSP Deputy Governor for Supervision and Examination Sector Nestor Espenilla Jr. with total pay of P12.282 million.

 

BSP Deputy Governor for Monetary Stability Sector Diwa Gunigundo ranked third with P12.248 million pay followed by BSP Deputy Governor for Resource Management Sector Vicente Aquino with P12.145 million.

 

Government Service Insurance System (GSIS) president Robert Vergara, meanwhile, ranked fifth with total pay of P9.743 million, followed by two other BSP executives, Monetary Board members Juan de Zuñiga Jr. and Felipe Medalla, with total pay of P8.451 million and P8.375 million, respectively.

 

Securities and Exchange Commission (SEC) chairperson Teresita Herbosa meanwhile landed on eighth place with total earnings of P8.339 million, down from P9.801 million last year when she ranked third on the list.

 

Ranking ninth highest paid official in 2016 was BSP Assistant Governor Ma. Ramona Gertrudes Santiago who earned P8.292 million.

 

On the tenth place was another BSP Monetary Board member Valentin Araneta who earned P8.226 million.

 

A total of 8,729 officials from 981 national government agencies (NGAs), government-owned and -controlled corporations (GOCCs), government financial institutions (GFIs), state universities and colleges (SUCs) and water districts were included in the 2016 ROSA list.

 

Excluded in the report were elected government officials such as the President, senators and congressmen.