By Raymund Antonio
Vice President Leni Robredo’s net worth increased in 2018 as the amount of two items in her personal properties rose during the same period.
In the interest of transparency, the Office of the Vice President released a copy of Robredo’s Statement of Assets, Liabilities, and Net Worth (SALN) upon the request of The Manila Bulletin.
Robredo declared a net worth of P2,314,430 as of December 31, 2018, higher by P1.2 million than her 2017 net worth of P1.11 million.
Her SALN showed Robredo’s assets totaled P14,214,430 million, with her real properties worth P1,735,000 and personal properties at P12,479,430 million.
The net worth of Robredo rose due to the increase of her cash to P7,351,430 million and the amount of her prepaid insurance worth P655,000.
The value of the Vice President’s other personal properties remained unchanged such as furniture, appliances, and other equipment, P1.5 million; jewelry, P100,000; 2010 Toyota Innova, P1.12 million; and 2014 Toyota Grandia, P1.75 million.
Robredo declared eight real properties in her hometown of Naga City. These included a residential house as well as agricultural, orchard, residential, and memorial lots.
A memorial lot and a residential lot had no acquisition costs and were listed as “donations.”
The Vice President also had shares of stock in Meralco amounting to P95,000, and liabilities totaling P11.9 million based on her last year’s SALN.
Robredo listed payable loans to Estate of Marcelina Robredo, P1 million; Estate of Jose Robredo, P2 million; Jose Robredo Jr., P1.15 million; Jocelyn Austria, P2 million; Salvacion Gerona, P750,000; Pablito Chua, P1 million; Vicente Hao Chin, Jr., P2 million; and Rafael Bundoc, P2 million.
Robredo, who is the leader of the opposition, previously said that all government officials should be truthful when they declare their wealth in their SALNs.
Under Section 8 of Republic Act No. 6713 or the Code of Conduct and Ethical Standards for Public Officials and Employees, all government officials and employees are required to submit their SALNs.
They are required to submit their SALNs within 30 days after they assume office and on or before April 30 of every year.
Failure to do so would be punishable by suspension of up to six months for the first offense, and dismissal from service for the second offense.
Robredo said the same standards should be observed in the application of the law even for those occupying higher positions.