More assets for sale to shore up revenues

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The story "More assets for sale to shore up revenues" was covered 3 days ago by Business Mirror, a news publisher based in Philippines.

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More assets for sale to shore up revenues - Business Mirror

Quick Summary:

THE national government intends to sell more of its assets to shore up revenues next year, especially after the recent approval of the guidelines on the Privatization and Disposition of Government Assets by the Privatization Council (PrC), according to the Department of Finance (DOF).

The government also generated P30 billion from the upfront payment from Public-Private Partnership (PPP) Solicited Proposal for the Rehabilitation of the Ninoy Aquino International Airport (Naia).

These excess and unused funds were efficiently mobilized to support the long-overdue Public Health Emergency Benefits and Allowances for Health Care and Non-Healthcare Workers and the Medical Assistance to Indigent and Financially Incapacitated Patients.