By Romer Butuyan
MANILA – Following the onslaught of natural disasters that impacted lives and livelihoods of many not to mention the free fall of the country’s economy due to Covid-19 pandemic, the government needs more funding to mitigate the impact and manage the situations
So said House Assistant Minority Leader and Marikina City 2nd Dist. Rep. Stella Quimbo after House Bill 8031 that intends to create a third version of the Bayanihan Law.
Allocation of which is not less than P400 billion.
In her explanatory note of the bill, Quimbo also proposes to extend Bayanihan 2 Law or the Bayanihan to Recover as One Act because, she said, a particular provision for the purchase of anti-Covid 19 vaccines is set to expire three months after December 19, 2020, or until June 4, 2021.
Quimbo explained that its extension will “ensure its full implementation.”
“Uncertainty is the primary effect of this pandemic on every aspect of our lives. Government, therefore, must take charge and manage these uncertainties so as to promote and improve business and consumer confidence and social welfare. Increased spending is one vital approach to achieve these goals. These interventions shall stimulate the economy and subsequently, lead to full recovery,” Quimbo further stated.
Under the proposed Bayanihan 3 Act, Quimbo is asking for the following allocations:
– P100 billion to subsidize business’ payments of wages or other worker-related expenses
– P100 billion for capacity building to impacted sectors
– P90 billion for additional social amelioration to impacted households (of which 20 billion pesos is targeted to households in typhoon devastated areas)
– P30 billion for assistance to displaced workers (including cash-for-clean up and cash-for-home building in typhoon-devastated areas).
– P50 billion for the rehabilitation of typhoon-affected areas
– P25 billionfor COVID-19 treatment and vaccines
– P5 billion for the provision of internet allowances to teachers and students.
Likewise, the former professor and chair of the University of the Philippines (UP) School of Economics, recommends the creation of a joint executive and legislative council to ensure effective implementation and monitoring of all COVID-19 response efforts.
On the other hand, the National Economic and Development Authority (NEDA), under HB 8031, has directed NEDA to formulate plans and reforms that will improve our country’s long-term economic and disaster resilience. (AI/MTVN)