‘Nontransfer of P30-B funds could impact GDP growth’

Quick Summary:

THE Supreme Court’s (SC) order to halt the remittance of Philippine Health Insurance Corporation’s (PhilHealth) excess funds to the National Treasury could potentially impact the country’s economic growth, according to Finance Secretary Ralph G.Recto.

It has remitted P60 billion so far.

Grace Poe, said the TRO will only stop the redirection of the remaining P29.9 billion to the Treasury supposedly on November 24, 2024, since the TRO did not state to return the money already remitted.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Finance Growth Year Appropriations Excess Treasury Billion Percent Funds Projects Recto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 16:08:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23463804

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Official Website: businessmirror.com.ph

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News Last Updated: 13 hours ago

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