Palace spokesman Harry Roque relayed Dominguez's statement after he was asked in a press conference whether or not President Rodrigo had asked Congress to pass a third Bayanihan law."We told Congress that together we should identify sources of additional funds for Bayanihan 3 so our fiscal deficit will not exceed the estimates of 8.9 percent for 2021," Dominguez said in a statement that Roque read.
Albay 2nd District Rep. Joey Salceda said the Philippines had "one of the lowest stimulus-to-GDP in the world" and that the country needs to ramp up spending to bring the economy back to life. Salceda, one of the lawmakers pushing for the P420-billion Bayanihan 3 stimulus package, said another spending bill was needed because Bayanihan To Recover As One Act , which cost P165 billion, “was just too small.”
Sen. Franklin Drilon in February said he would first like to know how much of the funds under Bayanihan 2 had been spent and disbursed before drafting a third COVID-19 stimulus measure.
Finance chief Domingo seeks help from lawmakers to find funds to boost the economy. This is an expansionary fiscal policy that can be done through spending on; 1. Defense, roads, bridges, & infra. 2. Spending on Educ. & labor productivity. 3. Subsidy to industries. 4. Ayuda dist
Operative word is 'find'.
They can. Daming non-essential activities ng BUONG gobyerno. Trainings can be delayed. Many procurement can be stopped. At kung sabihin bawal sa batas, they can make laws to circumvent them kung gusto talaga ng pondo for HEALTH. Hindi pa ba ninyo naisip yan sa 2020 budgeting?
Pera na naging buhangin pa. TANGINAMODUTERTE