Saturday 18 August
Powered by Ajaxy
Jul 15, 2018 @ 14:57

Infra projects may be privatized down the road, Dominguez says


A cash-strapped future government will have more guns to wield should the need arise.

Finance Secretary Carlos Dominguez III floated the possibility of privatizing the numerous infrastructure projects being built by the Duterte administration.

Apart from solving transport issues, Dominguez sees the “Build, Build, Build” program as a way to deepen the government’s asset base.

“While we are doing all these projects ourselves, the government is building up an asset base that is going to be very large,” Dominguez said in a statement.

“Some future government, you know, down the road, 20 to 30 years from now, may need money, they can sell those and go to a privatization program,” he added.

Now that’s another way of looking at it.

Tags: ,

Related Stories
The goal is to bring more Filipinos out of poverty and into a "strong middle
The papers have an enthusiastic audience waiting.
Governments need to work together to go after tax evaders.


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.