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What is Presidential Commission on Good Government mean?
The Presidential Commission on Good Government (PCGG) is a Philippine quasi-judicial government agency whose primary mandate is to recover ill-gotten wealth accumulated by Ferdinand Marcos, his immediate family, relatives, subordinates and close associates, whether located in the Philippines or abroad. It was created by President Corazon Aquino shortly after she was sworn in as president in the aftermath of the 1986 People Power revolution. In addition to recovering the Marcos wealth, it is also tasked with investigating other cases of graft and corruption; and instituting of corruption prevention measures.
Soon after the PCGG was created, Aquino issued an executive order freezing the assets of the Marcoses in the Philippines, and assigning the PCGG to negotiate with foreign governments so that Marcos wealth overseas could be repatriated to the Philippines, giving the PCGG diplomatic powers in addition to its quasi-judicial functions.
In keeping with the Comprehensive Agrarian Reform Law in 1988, the funds recovered by the PCGG are automatic appropriated to fund the Philippines' agrarian reform programs, and has since then funded more than 80 percent of the Philippines' budget for agrarian reform.
reference| Full Form | Category |
|---|---|
| Presidential Commission on Good Government (Philippines) | Governmental |
| Presidential Commission on Good Government | Governmental |
Posted on 01 Dec 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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