MANILA - The possible abolition of a government agency tasked with recovering the alleged ill-gotten wealth of the Marcos family will not affect its planned planned sale, a finance official said Thursday.

At least 3 jewelry collections of former first lady Imelda Marcos were valued at P1 billion at a re-appraisal by auction houses Christies and Sotheby's last February.

The jewels will be placed on the auction block once legal cases are resolved, finance undersecretary Grace Karen Singson said.

"I don't understand why everyone is panicking… the cases are always handled by the OSG (Office of the Solicitor General), [while] the disposition must always be approved by DOF, so wala naman nagbago (nothing has changed)," she said.

Budget Secretary Benjamin Diokno said last week that he favored the abolition of the Presidential Commission on Good Government, saying it was no longer necessary.

Former President Benigno Aquino, whose mother, former president Corazon Aquino, constituted the PCGG, said on Tuesday that the agency's work was not done yet.