Imee Marcos wants gov't to borrow P440M to fund cash aid program for COVID19 crisis
Since March, Marcos - who chairs the Senate Committee on Economic Affairs - has been advising the Department of Finance (DOF) to borrow billions of pesos as the government can still manage a debt ceiling of "5.4 percent from the present 3.2-percent level."
"Hindi economic target ang dapat natin sagipin ngayon kundi buhay ng tao. Bakit kasi nagkukuripot ang DOF kung marami naman ang pwedeng pagkunan ng pondo?" Marcos said in a statement.The executive branch earlier said that some P275 billion in the present budget may be used to fund a 2-month cash allowance for 18 million families identified as the "poorest of the poor."
Marcos said the amount may not be enough since the lockdown of the Philippines' most populated island may be extended beyond April 30 as the government's mass testing program has yet to begin."Ngayong Abril pa lang natin malalaman kung ano ang totoong sitwasyon, lalo na ang mga kasong hindi naitala dahil sa dating kakulangan ng mga test kit," the senator said.
"Hindi imposible na aabot ng May or June ang lockdown para sa kapakanan ng lahat," she said.Under the Bayanihan to Heal as One Act, President Rodrigo Duterte may reallocate funds from the 2019 and 2020 national budgets provided that the money will be used in the government's coronavirus response projects.
While government-owned and controlled corporations may cover most of the P200-billion needed for the poor's cash aid, Duterte has instructed Finance Secretary Carlos Dominguez to find other sources of funds as middle-class workers begin to appeal for financial assistance from the government.
Last month, the Asian Development Bank (ADB) approved a $3-million grant for the Philippines to procure emergency medical supplies and health care services needed in containing the spread of COVID-19.The grant is equivalent roughly to P153.85 million.Read more: ABS-CBN News Channel »
Gamitin Na Yong Pinapa Garnished Na Ill-Gotten Wealth... PangulongMarcos bongbongmarcos Pakisauli na lang po ninakaw. Kung isauli nyo mga ninakaw nyo sa gobyerno sapat na un at sobra pa. Di na kelangan mangutang! Nangasim na naman ako. Classic Marcos, incurring foreign debt. PH no need to borrow, just return the money
Borrow from where? Ibalik na lang!! Dapat isauli na lang ang bilyon-bilyon na nakulimbat ng pamilyang Marcos. Sobra-sobra pa yun. don't be a cheapskate imee.. that amount's just peanuts to you and your family.. Made me chuckle when i read this. Please return the BILLIONS your family stole and your mother was convicted for. Would do this country a lot of help. And history will be kinder to you if you do so. NeverAgain
Changed the title to: PH wants Marcos family to return P440M to fund cash aid program for COVID19 crisis uhm can't we just use the swiss accounts under your names tho? those are literally the nation's money bruh. that's petty cash to you Serious question lang, guys. Anyare sa POGO tax evasion? Nakolekta ba o nalimutan na? D pa ako naupdate tungkol dun e.
Suli mo ninakaw nyo.. 😊 Balik nyo kaya yung perang ninakaw Borrow from...you? Why don't you just return what your family got from the Filipino people? Problem solved. ibalik nya ninakaw ng pamilya nila,ngayon na kailangan ng bayan. Balik niyo nalang ung ninakaw niyo lmao Balik niyo ninakaw niyo mga olol Yung $10B sobrang laking tulong nun oh
Ibalik nyo lahat ng ninakaw nyo wala na tayong problema khit 6 months na lockdown pa yan siiiS? balik niyo kaya ninakaw niyo Di na lang nya isoli ang mga kinulimbat nila 😂 P440M? Soli nyo na lang. Filipino people want you to donate all the ill-gotten wealth of your family
Marikina to augment DSWD's cash aid for poor households amid COVID-19 crisisKya nga mas maganda audit ng coa ang 200bilyon allotment ng national government dto kung tlgang nagamit at napunta sa nauukol at karapat dapat.. My ghost employees sa govt, malamang my misrepresentation o bogus p din dyan sa mga assistance na yan. Sure yan
Gov't bars photocopies of social amelioration cards for COVID-19 aid program
CabSec assures continuous aid for poor as gov't considers appeals to help middle classThe national government is currently studying calls to provide cash assistance to middle-income families affected by the COVID-19 crisis.
Duterte says not enough gov't funds in battle vs COVID-19What happened to 'May pera ako'? Why is your caption ALWAYS MISLEADING? In short kung wala kang makain, maghanap ka ng paraan basta wag ka lalabas ng bahay! Ganern?!
DBM identifies P189-B for COVID-19 fundsThe Department of Budget and Management (DBM) has identified P189.823 billion in unreleased appropriations from the fiscal years 2019 and 2020 budget that may be discontinued and used to fund the government's efforts against coronavirus disease ( COVID-19 ). ang bilis ah Huwow Thank God. May buhay pa ang Pilipinas. Nakahugot pa ng alagwang, allocated appropriated budget. Tuloy ang laban.
Duterte orders Finance secretary to source more funds for gov’t’s COVID-19 responseAs the government mulls over an extension of the Luzon-wide quarantine until the end of April, President Duterte has ordered Finance Secretary Carlos Dominguez III to find additional funds to boost the government's response to the coronavirus pandemic even if he has to steal or borrow money. Gawa din kayo ng Listahan ng senador and other officials ng government na magdodonate ng sweldo. Abangers ako doon e. 'Hindi ko alam kung hanggan kailan sabihin ko sa inyo sa bahay lang kayo, hindi ko alam kung kailan ako makahatid ng pagkain sa lahat, hindi ko alam kung saan ako magkuha ng pera, hindi ko alam kung ano ipagbili ko kung may bibili So just stay alert' - TATAY (NILA) He creates the problem by refusing to close borders with china last january. Now he’s passing the problem he created to us!