Monday 17 December
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.

Please follow and like us:

Tags: ,

Related Stories
Heavy reliance on tax breaks isn't a sign of a thriving business.
Economic managers don’t expect oil to hit $80 a barrel next year.
Loans from China are still miniscule compared to overall debt.


Trending News

Recommended on sister sites

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