BIZ BUZZ: PhilHealth fund transfer ‘legal’ and ‘efficient,’ says Recto

What do you do when state-run corporations have excess/unspent funds? For Finance Secretary Ralph Recto—the man tasked to raise money to bridge the government’s large budget deficit—moving those funds to bankroll public projects and programs must be both “legal” and “efficient.” But in the case of P200-billion unused subsidies of the Philippine Health Insurance Corp.
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