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(File photo) MANILA- A lawmaker on Friday urged economic managers to seriously consider expanding the various subsidy programs for micro, small, and medium enterprises (MSMEs) to help them recover from the impact of the coronavirus pandemic. Marikina City Rep. Stella Quimbo said programs such as the Department of Trade and Industry's Livelihood Seeding Program - Negosyo Serbisyo Sa Barangay (LSP-NSB) could help get small businesses restarted, and for them to eventually muster "enough confidence" to avail of the expanded loan programs. "Subsidies are especially important today, with the series of oil price hikes," Quimbo said. She pointed out the risk aversion of MSMEs to loans, as the percentage of MSME loans to total loans in 2020 and the first semester of 2021 were both 7.6 percent, which is lower than pre-pandemic rates of 8.8 percent in 2019, according to Bangko Sentral ng Pilipinas data. Quimbo cited the Commission on Audit (COA) report dated March 2, 2022

Marikina cityBangko sentralStella quimboAssistance to restart enterprisesIndustry livelihood seeding programSmall business corporationCommission on auditSb corpLivelihood seeding programSerbisyo sa barangayRestart enterprisesOne actIle photo manilaa lawmaker on friday urged economic managers to seriously consider expanding the various subsidy programs for microNd medium enterprises msmes to help them recover from the impact of coronavirus pandemic marikina city rep stella quimbo said programs such as department trade and industry 39s livelihood seeding program negosyo serbisyo sa barangay lsp nsb could get small businesses restartedNd for them to eventually muster quot enough confidence avail of the expanded loan programs subsidies are especially important todayIth the series of oil price hikes