Cebu City lacks funds for salaries, projects — Mayor-elect Archival

Cebu City lacks funds for salaries, projects — Mayor-elect Archival

CEBU CITY, Philippines — Cebu City’s incoming administration may face serious financial headwinds, with initial assessments revealing that the city’s available cash assets may not be enough to sustain operations, pay employee salaries, or fund ongoing projects. This was according to Mayor-elect Nestor Archival Sr. during an interview earlier this week. Archival, who takes office next month, said that while preliminary data from the transition te…