SC begins oral arguments on transfer of PhilHealth unused funds back to nat’l treasury

PTVPhilippines

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Transcript

00:00The Supreme Court has started its oral arguments to tackle the three petitions to stop the

00:05transfer of 89.9 billion pesos of PhilHealth's funds to the National Treasury.

00:11For his part, Solicitor General Menardo Guevara said that the President and government are

00:16not wrong in ordering the transfer of the said funds to the National Treasury since

00:21PhilHealth wasn't able to use it.

00:24Furthermore, he believes that government did not violate any law and in fact said the said

00:29move can even contribute to the nation's economy, especially since the country's debt is ballooning.

00:35It was the executive and legislative department's way of creating and implementing a fiscal

00:45policy to boost economic growth without bloating the government's indebtedness or burdening

00:51the people.

00:52It is a common sense approach that does not violate any law, much less the constitution.

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