RENATO REYES’ STATEMENT OF ASSETS, LIABILITIES AND NET WORTH

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RENATO REYES’ STATEMENT OF ASSETS, LIABILITIES AND NET WORTH

WHAT IS A SALN?­­

SALN stands for Statement of Assets, Liabilities, and Net Worth. It is a declaration of assets (i.e., land, vehicles, etc) and liabilities (i.e., loans, debts, etc), including business and financial interests, of an official/employee, of his or her spouse, and of his or her unmarried children under 18 years old still living in their parents’ households.
The submission of a SALN is required by law under Article XI Section 17 of the 1987 Constitution and Section 8 of Republic Act No. 6713, the “Code of Conduct and Ethical Standards for Public Officials and Employees.” It includes a waiver authorizing the Ombudsman or his authorized representatives to attain documents that may show assets, liabilities, net worth, business interests, and financial connections from all appropriate government agencies.
All public officials and employees, whether regular or under temporary status, are required to file a SALN.
Art. XI Sec. 17 of the 1987 Philippine Constitution         
“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.”
Administrative Code of 1987, Book 1, Chapter 9, Sec. 34
“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.”
RA 6713, Sec. 8
“Statements and Disclosure — Public officials and employees have an obligation to accomplish and submit declarations under oath of, and the public has the right to know, their assets, liabilities, net worth and financial and business interests including those of their spouses and of unmarried children under eighteen (18) years of age living in their households.”
Public officials and employees under temporary status are also required to file under oath their SALNs and Disclosure of Business Interests and Financial Connections in accordance with the guidelines provided under these rules.
According to our source, this is Renato Reyes’ latest SALN based on what he submitted to Ombudsman last Aquino Administration.
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KIND            ASSESSED VALUE           CURRENT MARKET VALUE

LAND            P52,410                          P5.1M
HOUSE          P16,870                          P2M
MOTOR VEHICLES    P1.1M
CASH AND INVESTMENTS 2.7M
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