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                    [Title] => P18-B FM assets sold this year
                    [Summary] => The Presidential Commission on Good Government (PCGG) said yesterday it would auction off assets seized from the family of the late dictator Ferdinand Marcos to finance a gaping fiscal deficit.


Sale of the assets — including shares of stock, properties and a jewelry set of former First Lady Imelda Marcos — is expected to generate some P18 billion, said PCGG Chairman Ruben Carranza.


"The government has a huge budget deficit and we need to dispose of the properties to generate income as soon as possible," Carranza told reporters.


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CHAIRMAN RUBEN CARRANZA

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                    [ArticleID] => 90649
                    [Title] => P18-B FM assets sold this year
                    [Summary] => The Presidential Commission on Good Government (PCGG) said yesterday it would auction off assets seized from the family of the late dictator Ferdinand Marcos to finance a gaping fiscal deficit.


Sale of the assets — including shares of stock, properties and a jewelry set of former First Lady Imelda Marcos — is expected to generate some P18 billion, said PCGG Chairman Ruben Carranza.


"The government has a huge budget deficit and we need to dispose of the properties to generate income as soon as possible," Carranza told reporters.


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abtest

P18-B FM assets sold this year

May 11, 2001 - 12:00am

The Presidential Commission on Good Government (PCGG) said yesterday it would auction off assets seized from the family of the late dictator Ferdinand Marcos to finance a gaping fiscal deficit. Sale of the assets...

Headlines