Budget Secretary Wendel Avisado revealed that the Philippine government has already spent a whopping P355 billion for its response to the coronavirus pandemic. He also mentioned that more funds were needed to address the crisis.
Of the said amount, Avisado said P247.52 billion came from pooled savings while P96.7 billion came from unprogrammed appropriations.
The Department of Finance last week said the government planned to raise up to P400 billion from borrowings to help fund the country’s recovery from the pandemic.
“Patuloy pa po ang nakikita natin na gastusin ang ating kakaharapin dahil patuloy pa rin po ang epekto sa atin ng COVID-19,” Avisado said in a virtual press briefing.
[We see more expenses coming because the effect of COVID-19 is persistent.]
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