Senator Manny Villar who placed third in the presidential race topped the poll expenses among all the candidates of Election 2010. With P431,557,816 in expenses, Villar was the biggest spender among nine presidential bets.

On the other hand, Senator Mar Roxas who had a very tight fight with VP-elect Jejomar Binay ranked third among all the hopeful political candidates with the biggest election expenses. Roxas spent the most with P279,351,224 among vice-presidential bets.

Here is the list of presidential and vice-presidential candidates who submitted statements of contributions and expenditures in the May 10 polls:

Manny Villar- P431,557,816
Mar Roxas- P279,351,224
Benigno “Noynoy” Aquino- P403,119,981.81
Gilbert “Gibo” Teodoro- P3,463,307.21
Jamby Madrigal- P55,182,264
Loren Legarda- P210,280,000
Bayani Fernando- P80,081,865.61

All the candidates are expected to submit the copy of their election expenses on or before June 24.

Reports said that the over-all expenses for this year’s election is 15 billion, P4.3 billion of which came from political advertisements of national candidates.

Atty. Ferdinand Rafanan, Comelec Law Department head, said the poll body will tap independent groups such as the Philippine Center for Investigative Journalism, Pera’t Pulitika, Philippine Institute of Certified Public Accountants and Junior Philippine Institute of Accountants to help audit the statements of expenditures and contributions of the political parties and the candidates underneath the list.