Aid for firms 'take a back seat,' poor are 'priority' in PH virus fight

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Finance Secretary Carlos Dominguez III says the government will 'eventually' put in place programs for businesses. For now, they will prioritize cash subsidies. COVID19PH

ECONOMIC RESPONSE. President Rodrigo Duterte and Finance Secretary Carlos Dominguez III during the 41st Cabinet meeting. Malacañang file photowill have to"take [a] back seat," as the government prioritizes cash handouts to the poorest Filipinos, said Finance Secretary Carlos Dominguez III.

He added that the government will put in place programs for businesses"eventually" so that the economy would bounce back after the pandemic. The Department of Finance described the handouts as"the largest financial aid package ever granted to Filipino households." Of the 18 million beneficiaries, 4.3 million families are recipients of the P2,150 average monthly subsidy from the Conditional Cash Transfer program of the Department of Social Welfare and Development.

 

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Wala n kasing pera..

in rrd’s eco team we trust 👍 SecSonnySays DOF_PH

How about tax holidays jusr for lockdown period? No need to distribute dont take a portion of our salaries

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