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Marcos shuns sale of gov't assets to raise funds

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Katrina Domingo, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Presumptive President Ferdinand ‘Bongbong’ Marcos addresses the members of the media during a briefing at the BBM Campaign Headquarters in Mandaluyong City on May 23, 2022. Jonathan Cellona, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/05/23/20220523-bongbong-marcos-briefing-jc-0326.jpg"/><figcaption>Presumptive President Ferdinand ‘Bongbong’ Marcos addresses the members of the media during a briefing at the BBM Campaign Headquarters in Mandaluyong City on May 23, 2022. <em>Jonathan Cellona, ABS-CBN News</em></figcaption></figure></div><p>MANILA - Incoming President Ferdinand &quot;Bongbong&quot; Marcos Jr. on Monday said he was not in favor of selling government assets to generate funds for his administration, which is expected to address post-pandemic issues especially in the health, labor and business sectors.</p><p>&quot;I&#x27;m always very wary of selling government assets. As a matter of principle, I&#x27;d rather not,&quot; he told reporters, when asked if he was willing to liquidate non-performing government buildings and assets.</p><p>Marcos, the son and namesake of late dictator Ferdinand Marcos Sr. whose administration spent billions on government buildings and structures, did not elaborate why he was hesitant to sell public assets.</p><p>House Majority Leader Ferdinand Martin Romualdez, Marcos Jr&#x27;s cousin, recently said lawmakers planned to pass a measure that would postpone the barangay elections in December to save funds for a stimulus bill named after the incoming president&#x27;s initials.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/05/20/22/congress-eyes-postponement-of-brgy-polls-pass-stimulus">19th Congress seen to prioritize deferring barangay polls, pass &#x27;BBM&#x27; stimulus package</a></li></ul><p>But the Institute for Leadership, Empowerment, and Democracy said the proposed &quot;Bangon Bayan Muli&quot; (BBM) stimulus bill would not be enough to address the effects of the COVID-19 pandemic.</p><p>&quot;There&#x27;s really more questions than answers with respect to the BBM or the Bayan Bangon Muli bill because there&#x27;s still no details with respect to what programs will be included in this project. Which sectors will be prioritized? How much the total budget for this will be?&quot; she told ANC&#x27;s &quot;Rundown&quot;.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/05/23/22/marcos-stimulus-plan-not-enough-to-address-pandemic">Think tank: &#x27;BBM&#x27; stimulus plan not enough to address pandemic</a></li></ul><p>Marcos Jr. said his administration would have to look at the 2023 national budget &quot;to find sufficient funds for the things we want.&quot;</p><p>&quot;Basically move some public expenditure away from non-investment expenditures to more investment-led expenditures to revitalize, to retool the economy,&quot; he said.</p><p>This year&#x27;s national budget could also fund the proposed stimulus package, he said.</p><p>&quot;There are slight differences. Although it has been disbursed, not all of it has been spent,&quot; Marcos said.</p><p>&quot;So mayroon pa tayong breathing room pero kaunti na lang.&quot; </p><p>(We still have breathing room, though just little.) </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/05/23/22/marcos-must-find-funds-for-economic-stimulus-lawmaker">Marcos must find new source of funds for economic stimulus: lawmaker</a></li></ul><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2047128" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Incoming President Bongbong Marcos Jr. said he was not in favor of selling government assets to generate funds for his administration.

Marcos shuns sale of gov't assets to raise funds

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Marcos shuns sale of gov't assets to raise funds

Katrina Domingo,

ABS-CBN News

Published May 23, 2022 06:22 PM PHT

|

Updated May 24, 2022 08:42 AM PHT

Read More:

Bongbong Marcos

government assets

non-performing assets

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