Laoag City Mayor Michael Keon assured that funding will still be provided to the government-run hospital Laoag City General Hospital (LCGH) despite its declaration of bankruptcy.
On Wednesday, the Politiko opposed the declaration, pledging his support for its financial recovery in due time.
“We are not declaring bankruptcy. We will do all ways to save the LCGH. Just give us time to recover,” Mayor Keon expressed through a statement.
The LCGH has been in “bad health” with more than P78 million in total debt when Keon assumed as mayor of Laoag in 2019. It is currently employing 94 permanent staff and almost 100 contract service personnel.
After a public hearing on May 23, the Politiko appealed for more time to free the hospital from incurring more debts.
“Financial record shows that from 2017 to 2022, the Laoag Hospital has been struggling with a net loss of more or less P50 million annually,” he noted.