Zamora: San Juan to payoff P 1-B debt until 2027 - News Summed Up

Zamora: San Juan to payoff P 1-B debt until 2027


MANILA, Philippines — The longtime occupants of San Juan City Hall may have left, but the shadow of their time in office looms large. Mayor Francis Zamora, speaking to the Inquirer about his 2020 agenda, was elected on a promise of bold change in a city long dominated by the Ejercito-Estrada clan. But vestiges of that period remain — including a debt the city will be paying in the next seven years. ADVERTISEMENT“Our budget for 2020 has an allocation again for debt servicing,” he said. “Our plans for the hospital were derailed because the previous administration was not able to complete the renovation and construction, even with a P500 million budget,” he said.


Source: Philippine Daily Inquirer January 14, 2020 19:52 UTC



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