
Duterte vows: Gov’t to pay for PhilHealth’s P930-M debt to Red Cross
“Do not worry. We will pay. It will take time but we will pay. We’ll look for the money,” Duterte said.
“Do not worry. We will pay. It will take time but we will pay. We’ll look for the money,” Duterte said.
Finance Secretary Carlos Dominguez III on Wednesday said the country’s debt levels remained manageable despite new borrowings to finance the Covid-19 response.
Finance Secretary Carlos Dominguez III said on Tuesday the government’s borrowings from January to April 2020 reached P1.22 trillion, surpassing the P1.02 trillion the country borrowed for the entire 2019.
A House committee approved on Tuesday three crucial bills to help ease the adverse effects of the coronavirus disease (Covid-19) on the economy and workers.
President Rodrigo Duterte on Monday announced that the Philippines had maintained a BBB+ sovereign credit rating, even after the Department of Finance reported a plunge in tax collections as a result of quarantine restrictions to stem the Covid-19 outbreak.