Philippines: Make or break? mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Kyle Aristophere T. Atienza
THE Philippine government may have to roll out more policy measures and increase spending for its pandemic response if the coronavirus disease 2019 (COVID-19) vaccination program is delayed, experts said.
Based on a policy database compiled by the Asian Development Bank (ADB), the Philippines’ COVID-19 response package is estimated at $21.645 billion or 5.9% of gross domestic product (GDP).
In Southeast Asia, the Philippines’ pandemic response package is the sixth-largest in terms of total amount but the fourth-smallest in terms of its size relative to economic output. To compare, Singapore’s $89-billion pandemic response package represents 25% of GDP, followed by Malaysia ($81 billion) and Thailand ($84 billion) with packages estimated at 23% and 16% of GDP, respectively.
ADB says PH war chest vs COVID not enough | Inquirer Business inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.