Malacañang should certify as urgent the measure seeking additional funding for the government’s response to the COVID-19 crisis, a House lawmaker said on Wednesday.
Economist-Congressman Stella Luz Quimbo (Photo credit: https://www.bdo.com.ph/)
Marikina second district Rep. Stella Quimbo said
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In a committee hearing presided by its chairman, Samar Rep. Edgar Mary Sarmiento, the House panel supported the “noble objectives” of the law that was authored during the 17th Congress by then Sen. Joseph Victor “JV” Ejercito.
However, Sarmiento, together with Deputy Speakers Rufus Rodriguez (CDI, Cagayan de Oro City) and Rodante Marcoleta (Sagip Partylist) and Muntinlupa City Rep. Ruffy Biazon, noted that implementation of the law is ill-timed because of the current coronavirus disease (COVID-19) pandemic prevailing in the country.
Ejercito, who was invited as resource person in the hearing, aired the same view, saying that the public should understand that his legislative proposal was signed into law by President Rodrigo Duterte on February 22, 2019.
Full utilization of Bayanihan 2 funds would have reduced PH economic contraction, says lawmaker
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Metro Manila (CNN Philippines, February 10) The impact of the economic decline in the Philippines would not have been as bad had the government been more aggressive in the disbursement of the ₱162.5-billion funds under the Bayanihan to Recover as One Act or Bayanihan 2, a congressman said on Wednesday.
Marikina Rep. Stella Quimbo said economic contraction would have been reduced from 9.5% to 8.2% in 2020 if only the government was more transparent in the utilization of the Bayanihan 2 funds. She also said that more than ₱252 billion or over 1.3% would have been added to the country s gross domestic product last year had the funds been disbursed faster.