Govt may not need to sell assets for COVID-19 response – Sotto - News Summed Up

Govt may not need to sell assets for COVID-19 response – Sotto


MANILA, Philippines — Senate President Vicente Sotto III believes the country’s battle with the coronavirus disease 2019 (COVID-19) will not come to a point where the government would have to sell its assets to fund its response to the pandemic. “I do not think it will get to that point considering the serious ways we are undertaking to address the disease,” Sotto said in a message to reporters on Thursday. ADVERTISEMENTDuring President Rodrigo Duterte’s televised addressed late Wednesday night, he raised the possibility of selling assets of the government as a last resort should funds for the COVID-19 response run out. Several senators have already earlier assured that the government has enough sources to tap funds from for its response against the pandemic. One hundred eighty two patients have died while 96 have managed to recover from the illness.


Source: Philippine Daily Inquirer April 09, 2020 04:10 UTC



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