Government’s 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.
“Sabi ko na ano, ang pinakamabigat na problema ngayon sa gobyerno kasi walang pera. Wala lahat, bangkarota. Walang ekonomiya tumakbo ng ilang buwan, wala namang mga nagta-trabaho nagbabayad ng buwis sa kanya ,” Duterte said about his conversation with Dominguez. The President recognized that the government must spend not only to address the pandemic but also to revive the stalled economy. “Kaya naiwan, kasi kung wala ng pera talaga bangkarota na, wala naman tayong kumita. Kung may magpahiram, kung walang magpahiram, maraming mamamatay. Hindi tayo makabili ng medisina ,” he said.
The President, in another address, claimed that the government has ran out of funds that will be needed for emergency subsidy to affected sectors if the strict lockdown will be sustained.
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