PH Government Ready To Spen P73B On COVID-19 Vaccine
GOVERNMENT READY TO SPEN P73B – According to Department of Budget and Management Secretary Wendel Avisado, the Government is ready to shell-out P73 billion for a COVID-19 vaccine.
After more than 9 months under one of the strictest quarantines in the world, the Philippines now has hopes of securing a vaccine. Currently, Avisado said the country has P10 billion in standby funds for the vaccine.
Earlier, Britain had become the first country to approve the world’s first COVID-19 vaccine manufactured by pharma giants, Pfizer and BioNTech. Meanwhile, China and Russia had previously allowed the emergency use of their own vaccine candidates.
Additionally, there are a P2.5 billion initial budget allocated for procurement of the new vaccine under the proposed 2021 budget. Furthermore, the P73 billion in COVID-19 vaccines would be enough to vaccinate around 60 million Filipinos.
Based on an article from ABS-CBN, Avisado said:
Sa huling report ni Sonny Dominguez in the last meeting namin ay sinabi niya na nakahanda na ang ating pamahalaan na gumastos ng hanggang P73 billion para nang sa ganoon ay ma-vaccinate natin ang 60 milllion Filipinos or more para ma-attain ang herd immunity
Previously, the Food and Drug Administration already stated that come January, it would have cleared a coronavirus vaccine candidate. Following this, President Rodrigo Duterte issued an order which allowed the FDA to allow the emergency use of the vaccine.
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