THE national government is allotting P30 billion from the proposed 2016 national budget of P3.002 trillion to boost the capitalization of state-owned banks, according to the Department of Budget and Management.
In a press briefing on Tuesday, Budget and Management Secretary Florencio Abad said P20 billion will go to the Land Bank of the Philippines (LandBank) and P10 billion to the Development Bank of the Philippines (DBP).
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