00:00The finance department is working hard to make the government's assets unprofitable
00:07or the non-performing assets.
00:10According to Finance Secretary Ralph Recto, this will help to fund the 2025 national budget
00:16and for the government not to spend on the maintenance of assets that are not earning.
00:21As of now, more than 28,000 non-performing assets have been transferred to the government
00:27of the DOF's Privatization Management Office.
00:32The Social Security System and Government Service Insurance System have also been updated
00:39for the assets that can be invested in their jobs.
