PH ready to spend ₱20 billion to distribute free COVID-19 vaccines to 20 million people

President Duterte is confident that a vaccine will be developed by December

The Duterte administration said it has enough funds to purchase and distribute free coronavirus vaccines to 20 million Filipinos once it is available.He said it is possible that China will be one of the first countries to complete its research, and claimed the Philippines will get priority access to the vaccines because it is"friendly" to the East Asian giant.

"We have a plan," Dominguez said during the televised meeting."We can execute it as soon as the Department of Health chooses which vaccine or vaccines they want. Certainly, by late this year, if it's available, we can already buy it." Trade Secretary Ramon Lopez, in a separate briefing, assured the Philippines does need to sell state assets to fund the vaccine purchase.

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