MANILA, Philippines — There is a need to ease the limitation on advance payments for the procurement of Covid-19 vaccines, Budget Secretary Wendel Avisado said Friday.
Avisado said easing the limitation on advance payments for the Covid-19 vaccines will ensure the timely and efficient implementation of the country’s inoculation plan.
Currently, Republic Act No. 9184 or the Government Procurement Reform Act only allows advance payment equivalent to only a maximum of 15 percent of the cost of government-financed projects.
“Ang gusto ng mga pharmaceutical industries, bayaran mo na. Ia-advance mo na ang payment bago ma-ideliver…
Keep on reading: Budget chief wants eased limitation on advance payment for COVID-19 vaccines