Your daily dose of updates from Pinoys in Taiwan and Philippines

Duterte may ask for supplemental budget from govt. if 'ayuda' funds insufficient

 


According to a Palace official, President Duterte has the option of asking Congress for a supplemental budget if government finances are insufficient to provide monetary assistance to individuals impacted by the pandemic lockdown.

 

For the moment term, Presidential spokesperson Harry Roque stated Finance Secretary Carlos Dominguez III said that government corporation income may be a potential source of financial help or "ayuda" for the impoverished and vulnerable inhabitants of Metro Manila during the lockdown period.

 

As the government attempts to prevent the spread of a highly infectious form of the coronavirus, the capital region will go under another two-week lockdown starting Friday, August 6. More than 10 million poor and vulnerable people in Metro Manila would get a one-time cash assistance.

 

“Government -owned or -controlled corporations, If there is no budget for aid, we will look for funding source. Now Secretary Dominguez of the Department of Finance said the funds will be sourced from the dividends of the GOCCs” Roque said

“If it won’t be enough, we have savings. If it is still insufficient, we will ask for a supplemental budget from Congress. We won’t run out of funds, that’s our assurance to our people,” he added.

To deal with the two-week lockdown this month, the government put aside P13 billion for the distribution of financial aid to 10.7 million poor and vulnerable individuals in Metro Manila. Each beneficiary will get P1,000, with a maximum of P4,000 per household, under the aid program.

Share:

No comments:

Post a Comment

Popular Posts

Blog Archive