from its sale of government securities – although demand from investors has been anemic of late.
By far the most significant funding source came from the Bangko Sentral ng Pilipinas , which purchased government securities worthYou can think of this as a zero-interest bridge loan that the Treasury must repay in 6 months. If spent prudently, this substantial sum could go a long way in our fight against COVID-19.There’s a lot of confusion right now on exactly how much Duterte plans to spend for his COVID-19 projects.spending plan.
Fourth, the Bayanihan law signed by Duterte on March 25 actually didn’t specify a total amount. Duterte later said he’d spend P200 billion, but that’s barely enough for his emergency subsidy which, by itself, will cost somewhere between P180 billion and P288 billion . Lots of people on social media demand to see what Duterte has done with the supposed P275-billion COVID-19 budget. But the real amount…we don’t know. There’s no detailed spending plan yet.In the meantime, more people are getting broke and hungry and desperate by the day.
The Bayanihan law did specify the amount of emergency subsidy people can get , but government is still drawing up the final list of beneficiaries. It will take weeks to distribute such aid to 18 million households.
Meron nga, bakit ayaw mong maniwala!
Journalists who risk their lives covering war-torn areas or far-flung locations with disregard for the rule of law -- modern day heroes!!! Those who are content in staying in the capital, chasing public figures for sound bites, writing opinion pieces -- not so much...
Government Assistance to the people is needed so badly. Lockdown has been for many weeks already. People are jobless.
I believe we have fighting 2 pandemic virus COVID-19 and Hunger
3 actually. You forgot to mention the ‘filipino people who are overfed with their rights’. Yes this is a democratic country and freedom is embedded to everyone. But let us not forget that ‘freedom comes with responsibility’ our government is not perfect. Lets not worsen it up.
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