Gatchalian: Gov’t may tap contingency funds if oil prices stay elevated

2026-03-10 - 10:54

MANILA, Philippines — Sen. Sherwin Gatchalian, chairperson of the Senate’s committee on finance, said the government could tap billions of pesos from existing disaster and contingency funds if elevated global oil prices persist due to geopolitical tensions, provided that the country be declared under state of economic calamity. In a press briefing at the Senate