Government prepares for prolonged pandemic

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The country’s chief economic manager urged prudence in public spending in case of a protracted pandemic.

The death toll also increased to 2,209 as 41 more patients succumbed to the severe respiratory disease.

Dominguez said the P140 to P165-billion stimulus package under the envisioned Bayanihan to Recover as One Law, the record P4.5-trillion national budget for 2021 and the Duterte administration’s sustained investments in infrastructure were designed to hasten recovery. Moreover, the package will also be complemented by the passage of the pending Corporate Recovery and Tax Incentives for Enterprises bill, which will slash corporate income tax from 30 percent—the biggest in Southeast Asia—to 25 percent, retroactively effective to July.

Also on Saturday, Acting Socioeconomic Planning Secretary Karl Kendrick Chua said that the state planning agency National Economic and Development Authority, which he heads, was spearheading the task force on COVID-19 recovery via the “Recharge PH” program.

 

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Does that mean more BILLION PESO corruption? Since even on the short term campaign palpak and mga INUTILDUTERTE kayo.

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