The Marcos administration has targeted over a hundred idle state assets in order to generate additional cash to fund its projects.
In his weekly press conference, Finance Secretary Benjamin Diokno stated that the Privatization Council is "targeting to privatize 137 properties with a total value of P2.5 billion" for the rest of the year.
According to the Finance Secretary, the Privatization Council has already approved the final sale of P800 million from the approved P1.9 billion worth of assets for disposition within the first six months of the Marcos administration.
He added that the Privatization Council approved the sale of six properties for P152.8 million on May 31.
The Privatization Council is the policy-making body in charge of overseeing the privatization initiative of the Philippine government.
It gives final approval to the proposed price and bidder for the assets, as well as any proposed privatization plans provided by the Privatization and Management Office (PMO).
It is a cabinet-level organization led by the Secretary of Finance, with members including the Secretaries of Budget and Management, Trade and Industry, the National Economic and Development Authority, and Justice.
The National Treasurer and the Chairman of the Philippine Commission on Good Government are non-voting members of the PrC.

The PMO, on the other hand, is an organization affiliated with the Department of Finance (DOF) that serves as the government's marketing arm for transferred assets, government corporations, and other properties assigned for disposition.

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DOF: Gov’t to relinquish P2.5-B worth of idle assets