House OKs on final reading bill providing for ₱1.3-trillion stimulus package as COVID-19 response

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Voting 216-7, the House of Representatives passed on third and final reading House Bill 6815 that sets up a ₱1.3-trillion of economic stimulus package to sectors gravely affected by the pandemic.

The House of Representatives gave its final nod on third and final reading House Bill 6815 on Thursday.

This bill, formerly known as the Philippine Economic Stimulus Act , will provide a ₱1.3-trillion of economic stimulus package to key sectors gravely affected by the COVID-19 pandemic. Under the proposed measure, a ₱568-billion package is intended for immediate employment protection stimulus for affected workers.

Around ₱80 billion from the package will be allocated for 2021, while ₱650 billion will be for the “Build, Build, Build” program to be spread within three years, which will cover healthcare, education, and security.Meanwhile, the Department of Budget and Management has ordered government agencies to focus their programs, activities, and projects on “containing the spread and mitigating the effects of the COVID-19 pandemic.

 

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