DOF sees little impact of PCSO games suspension on UHC funds

By Joann Villanueva/Philippine News Agency

MANILA – Impact of the suspension of all Philippine Charity Sweepstakes Office–regulated games on the Universal Health Care (UHC) is minute since the agency’s share on the program’s fund is only a little over one percent, a Department of Finance (DOF) official said on Monday.

DOF Assistant Secretary Tony Lambino said of the total PHP257 billion required by the UHC in 2020, PCSO’s share is estimated to be around PHP3 billion or less than 1.2 percent.

For the five-year period ending 2024, PCSO’s share in the program’s estimated PHP1.437 trillion requirement is also less than 1.2 percent at PHP16.6 billion, he said.

“We will focus our efforts on passing the alcohol and e-cig tax package for UHC, with initial estimates of PHP15.8 billion in the first year and a total of PHP111.5 billion over five years based on the version approved by the House in the 17th Congress,” he said.

“Actually, we can aim for even higher since the previously approved version only included alcohol,” he added.

Last Saturday, President Rodrigo Duterte ordered the PCSO to suspend all its regulated gaming activities amid alleged “massive corruption”.

Meanwhile, Malacanang has said the Philippine Amusement and Gaming Corporation (PAGCOR) may take-over the charity functions of PCSO following the suspension of all PCSO-regulated games.

On the other hand, Finance Secretary Carlos Dominguez III, who was asked whether there is a need to temporarily transfer PCSO’s charity functions to PAGCOR, said the two agencies were created under separate laws.

He relayed to some journalists the opinion shared to him by Justice Secretary Menardo Guevarra on the issue.

Guevarra said he does “not think that the President has any intention of transferring the PCSO’s entire mandate to the PAGCOR”.

“He only meant that the PAGCOR may be tapped in the meantime to continue providing for health and medical care assistance, among others,” he said.

For the latest updates about this story, visit the Philippine News Agency website

Popular

On Teachers’ Month, DepEd notes good news for teachers

By Brian Campued As the Philippines joins the global community in honoring the invaluable contributions of teachers in shaping the next generation’s leaders and professionals,...

Phivolcs identifies fault that caused magnitude 6.9 Cebu quake

By Brian Campued State seismologists have located the source of the powerful offshore earthquake that jolted northern Cebu and the rest of Visayas on Sept....

PBBM: Launch of new dairy farm to boost local milk production, supply

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. on Friday expressed optimism that the inauguration of the Farm Fresh Milk...

PBBM leads distribution of various aid to Aeta communities in Pampanga

By Brian Campued In celebration of the National Indigenous Peoples Month this October, President Ferdinand R. Marcos Jr. led the turnover of various forms of...