Author Topic: Government’s biggest problem is lack of funds –Duterte  (Read 647 times)

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Government’s biggest problem is lack of funds –Duterte
« on: August 26, 2020, 06:07:56 AM »
Government’s biggest problem is lack of funds –Duterte
Published August 25, 2020, 10:52 PM

by Genalyn Kabiling

https://mb.com.ph/2020/08/25/governments-biggest-problem-is-lack-of-funds-duterte/

Shortage of funds has become the “gravest problem” of the government amid the coronavirus pandemic, President Duterte said Tuesday.

The President, in his taped remarks aired on state television Tuesday morning, admitted that revenue generation was affected after the economy contracted due to the pandemic.

According to the President, Finance Secretary Carlos Dominguez III was “in a bind” to raise funds, including borrowing money, for the pandemic response.

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