The expanded but limited budgetary powers granted by the 18th Congress to President Duterte will let the government realign certain state funds to deliver P200 billion in emergency subsidies to 18 million low-income households that have lost their sources of income amid the pandemic spawned by the highly infectious virus known as COVID-19–the largest financial aid package ever granted to Filipino households.
Read MoreFinance Secretary Carlos Dominguez III has thanked the Department of Transportation (DOTr) “for taking the lead among other government agencies supervising over government-owned and -controlled corporations (GOCCs) in contributing to our collective effort to defeat COVID-19.”
Read MoreThe Duterte administration is implementing a three-pronged strategy to mitigate the social and economic impact of the current global health crisis anchored on providing emergency aid to marginalized and other vulnerable sectors, protecting health workers while boosting their capability to defeat the coronavirus pandemic, and keeping the economy afloat, Finance Secretary Carlos Dominguez III has said.
Read MoreThe Asian Development Bank (ADB) has lauded the Duterte administration for its “proactive and preemptive” response to the coronavirus pandemic as it reassured the Philippines of its full support for the nation’s efforts to defeat this fast-spreading disease known as COVID-19.
Read MoreFinance Secretary Carlos Dominguez III has thanked the Congress for acting quickly during its break on a legislative measure empowering President Duterte to tap all available state resources to contain the spread of the novel coronavirus disease (COVID-19) and provide a multibillion-peso economic relief package primarily for the 18 million poor and low-income households most affected by this global health crisis.
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