Allocate P1.5t for 3-year infra projects — solon

three years on infrastructure projects to boost the economy and create millions of job opportunities.

In a statement, Camarines Sur Rep. Luis Raymund Villafuerte asked Congress to support the commitment of President Ferdinand Marcos Jr. to stick with, and even expand, the “Build, Build, Build” initiative on infrastructure projects in such priority areas as health, education, agriculture, livelihood, information technology and tourism—or the HEAL IT sectors.

Villafuerte said a P1.5-trillion economic stimulus package, which he and three other Bicolano legislators have proposed in a measure dubbed the Bayan Bangon Muli bill, will “enable the Marcos administration to hit its target of expanding the economy by 6.5 percent to 8 percent, pulling down the poverty incidence to just 9 percnt, and propelling the Philippines to the status of an upper middle-income country during President Marcos’s term.

Villafuerte sought the speedy approval of House Bill 271, or the National Economic Stimulus and Recovery Act of 2022, that “will let President BBM sustain and even expand the unmatched high spending on infrastructure development initiated by his predecessor, Mr. Duterte, while focusing such fresh investments on building and improving facilities for the new government’s priority areas that Mr. Marcos had listed in his first SONA, including the HEAL IT sectors.

Villafuerte said HB 271 that he and fellow Camarines Sur Reps. Miguel Luis Villafuerte, Tsuyoshi Anthony Horibata, and Bicol Saro Rep. Nicolas Enciso VIII filed at the onset of the 19th Congress “will let President BBM realize his SONA-declared intent to ‘build better more’ by prioritizing the funding of projects that target infrastructure building down to the barangay level, with the HEAL IT sectors as the focal point of public investments. Our proposed three-year, P1.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Habagat to bring rain over parts of Luzon, Visayas on MondayMANILA, Philippines — The southwest monsoon, or “habagat” will continue to bring rain over several parts of Luzon and the Visayas on Monday, the Philippine Atmospheric, Geophysical and
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Strong quake damages irrigation systems, other farm infra | Jasper Y. ArcalasThe Department of Agriculture (DA) said the cost of damage to farm infrastructure in the Cordillera Administrative Region (CAR) caused by the strong earthquake has reached P44.2 million. In its latest report, the DA Disaster Risk Reduction and Management Operations Center (DA-DRRM) said the 7.0-magnitude earthquake damaged various irrigation systems,…
Source: BusinessMirror - 🏆 19. / 59 Read more »

BOC Davao, PDEA 12 intercept illegal drugs worth P1.3 millionThe Bureau of Customs (BOC), Port of Davao together with Philippine Drug Enforcement Agency (PDEA), Regional Office XII nabbed a claimant of Kush and Liquid Marijuana worth P 1.3 million during a d…
Source: EdgeDavao - 🏆 23. / 51 Read more »

P1-M await ‘Indak-indak sa Kadayawan’ champsThe highly anticipated “Indak-indak sa Kadayawan” and the 37th Kadayawan sa Davao Festival’s event highlight offered PHP1 million prize for each champion in various categories. In a sta…
Source: EdgeDavao - 🏆 23. / 51 Read more »

Duterte borrows P1 T in final 6 monthsFormer President Duterte borrowed P1 trillion in his final six months in Malacañang. Borrowing to spend on public is good as long as there's return of investment. Which means a high debt-to-GDP ratio can either be a good indicator of a well-performing economy or a failed State. Ginanahan mangutang 🤣🤣🤣 actually hindi lahat mga pinagawa ay kaylangan kaylangan na ,kaya tama direksyon now na ipriority saan gastusin ang pera, nakaraan pinabayaan nila agree, walang investment sa digital infra.dapat may cohesion lahat ng pagawa hindi kanya kanya
Source: manilabulletin - 🏆 25. / 51 Read more »

‘Steady Eddie’: Solons pay tribute to former President Fidel V. RamosRamos was president from 1992 to 1998, and was largely credited for helping restore democracy during the crucial days of the People Power Revolt in 1986 and for leading the Philippine economy to progress during the Asian financial crisis.
Source: manilabulletin - 🏆 25. / 51 Read more »