PH lost P464B in early 2019 because of delayed budget approval, says lawmaker

THE Philippines suffered economic losses worth P464 billion in the past six months because of a delay in the enacted budget for 2019, a lawmaker said on Thursday.

“The budget delay cost the country almost P465 billion in foregone revenues which slowed down the economy,” Deputy Speaker and 1-Pacman Party-list Rep. Michael “Mikee” Romero told reporters in a briefing.