Minority floor leader and opposition
senator Franklin Drilon has called out President Rodrigo Roa Duterte’s economic
managers to think fast in their review of state assets that could be sold off
immediately in order to generate funds for COVID-19 crisis
“Let us turn this COVID-19 crisis
into an opportunity to better utilize government assets. Better utilization of
these state assets is long overdue as a national policy,” Drilon stressed.
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| Senator Franklin Drilon (photo credit to owner) |
“As I said before,the government does
not have to look far to raise additional revenues. There are ‘low-hanging
fruits’ the government can immediately tap to provide the much-needed resources
for our country to survive this pandemic,” he said.
Drilon has identified the gaming
industry that could be sold off to solve government’s problem regarding
funding.
It may be recalled a few months back
Department of Finance Secretary Sony Dominguez III said the privatization of
the gaming industry that privatizing the gaming industry will yield around P300
billion in additional revenues yearly.
“We have an untapped ‘goldmine’ that
can generate up to P300 billion in fresh revenues yearly. I hope our economic
managers will move faster on this this time, because the effects of COVID-19
pandemic will go beyond 2020,” Drilon said.
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