DOMINGUEZ: Gov’t buying P73 billion worth of Covid-19 vaccines for 60 million Filipinos

The Philippines will have to raise P73.2 billion to buy COVID-19 vaccines for 60 million Filipinos.

Finance Secretary Carlos Dominguez III bared the figures during a meeting with President Rodrigo Duterte on Monday, November 23, in Davao City.

The meeting with Duterte and other Cabinet members primarily discussed the Covid-19 pandemic.

According to vaccine czar Carlito Galvez Jr., head of the National Task Force on Covid-19, the government is already negotiating with 4 vaccine developers – Pfizer (US), AstraZeneca (United Kingdom), Sinovac (China), and Janssen (US).

With a P73.2 billion budget, the government will be able to pay for the vaccination of 60 million Filipinos, or slightly less than 60% of the country’s population, at an average cost of $25 or P1,200 per dose of the vaccine.

DOF chief IDs sources of P73.2-B funding for Covid-19 vaccines

 November 24, 2020

The World Bank and Asian Development Bank are among the multilateral agencies that could be tapped as sources of the PHP73.2 billion the government has to raise to purchase potential coronavirus disease 2019 (Covid-19) vaccines for at least 60 million Filipinos.During Monday’s… Read More

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