The Department of Finance (DOF) assured funding for the inoculation of 70 million adult Filipinos this year is enough.
Finance Secretary Carlos Domingues said the national government’s P82.5-billion budget for coronavirus disease 2019 (Covid-19) vaccination program and allocations by the local governments and the private sector are sufficient to achieve the objective.
Dominguez maintained the government’s Covid-19 vaccination budget is “not trillions” but instead “these numbers are billions” of pesos.
“The total financing we have for the vaccines, logistics and other supplies, including waste disposal, is P82.5 billion,” he said.
Of the total financing, P2.5 billion came from the budget of the Department of Health (DOH), P10 billion from the Bayanihan to Recover as One Act, PHP58.4 billion from foreign loans, and P11.6 billion as additional official development assistance (ODA).
On the other hand, the foreign loans came from the World Bank (WB), P24.3 billion; Asian Development Bank, P19.5 billion; and Asian Infrastructure Investment Bank, P14.6 billion.