Vax program, healthcare system investment aid PH economy

The current vaccination program and the increasing investment on the healthcare system are the primary factors that are helping the Philippine economy to stay afloat from the pandemic, said by Finance Secretary Carlos Dominguez III. In a virtual conference last Tuesday, August 17, the finance secretary dismissed the indications on any new economic growth targets as he said they will be announced by their inter-agency Development Budget Coordination Committee or the DBCC after their meeting on August 18. Secretary Dominguez also cited the impacts of the COVID-19 variants, restrictions of travel and movement currently implemented to suppress the spread of infections. “We are facing a crisis unlike any other we have faced before. We have a virus that is mutating. And the mutations are quite severe so far in their new variants. So, I cannot predict what will happen in the future,” he later on said. Furthermore, Secretary Dominguez said vaccinations, the country’s first line of defense against the pandemic, “is proceeding as originally announced.” In the present,  the Philippines has received around 42.6 million vaccines dating from March to August 15 and the government has administered around 27.8 million doses of the former, he said

 

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