What financial disclosure is required of every public officer or employee upon assumption of office?
Every public officer or employee is legally required to submit a declaration under oath of his assets, liabilities, and net worth. This submission must be made upon assumption of office and as often thereafter as may be required by law. For high-ranking officials like the President and Members of Congress, this declaration must be disclosed to the public. This vital transparency measure is firmly established in Article XI, Section 17, 1987 Philippine Constitution. “SECTION 17. A public officer or employee shall, upon assumption of office and as often thereafter as may be required by law, submit a declaration under oath of his assets, liabilities, and net worth. In the case of the President, the Vice-President, the Members of the Cabinet, the Congress, the Supreme Court, the Constitutional Commissions and other constitutional offices, and officers of the armed forces with general or flag rank, the declaration shall be disclosed to the public in the manner provided by law.” 06-Mar-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
