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(Eagle News) – The Department of Finance defended the Official Development Assistance (ODA) mode of financing to construct the Kaliwa Dam Project, saying that this was cheaper and more beneficial for Filipino consumers. Finance Assistant Secretary Antonio Joselito Lambino III said that the ODA from China was preferred over a Public-Private Partnership (PPP) route which, he said, would entail “additional charges” to be passed on to water users. “The higher project and financing costs […]
Finance Secretary Carlos Dominguez III has maintained that the draft federal Constitution contains ambiguous provisions on the allocation of expenditures for the would-be federated government and its federated regions, which underscore the urgency of opening more discussions on this proposed document crafted by the Consultative Committee (Con-Com) tasked to review the 1987 Constitution. Dominguez made it clear that while the economic team is not against federalism, it has the responsibility to point out the […]
