Philippines’ Duterte Seeks to Boost Budget 10pct to Combat Virus

03-Aug-2020 Intellasia | Bloomberg | 10:04 AM Print This Post

Philippine President Rodrigo Duterte is seeking to boost the budget for next year by almost 10 percent to sustain the nation’s efforts to fight the pandemic.

The president will ask Congress to approve a national budget of 4.5 trillion pesos ($91.6 billion), 9.9 percent more than this year’s, the Department of Budget said in a statement. The money would be used to improve the country’s healthcare systems, ensure food security, increase digital and infrastructure investments and help communities recover, it said. The proposed amount is equivalent to 21.8 percent of gross domestic product.

https://sg.news.yahoo.com/philippines-duterte-seeks-to-boost-budget-10-to-combat-virus-021607406.html

 


Category: Philippines

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