Psalm eyes P183-billion cut in financial obligations

By Eireene Jairee Gomez

Apr 23, 2022 12:13 am

The Power Sector Assets and Liabilities Management Corp. (Psalm) is targeting to further trim by P182.78 billion or 34 percent its financial dues before the Duterte administration ends in end-June this year, its chief said on Friday.

In a statement, Psalm President-CEO Irene Joy Besido Garcia said the agency has trimmed to P355.2 billion its financial obligations as of end-2021. Psalm is targeting to further bring it down to about P335.89 billion before President Rodrigo Duterte leaves office in end-June this year.

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