Finance Secretary Carlos G. Dominguez told President Duterte and the public on Thursday that the government’s economic managers and the central bank have put together a fiscal and monetary action plan to combat the COVID-19 pandemic.
“We want to assure all our citizens na at this point in time, we have the money. Although, we have to realize na hindi naman endless ‘yung pera na ito. So, kailangan, we have to spend it correctly. Hindi ‘yung for wasteful expenditures.
The program is to spend, first, to help the poorest families; and then to help the small and medium enterprises; and then to provide support for the companies that are supported by their banks,” Secretary Dominguez said.
Watch the video for his full report.
Access the full transcript of PRRD’s meeting with the IATF-EID: https://bit.ly/2USZSpG