4 trillion in economic damage this year due to the COVID-19 pandemic and the recent devastating typhoons.
“Pero, sa totoo lang po, kahit anong gawin nating pag-forecast eh tila it’s going to be more than 5.5 percent, ang pagbagsak. At sinasabi ng ilang international agencies, pati na rin ng local banks, dahil may mga research sila, eh baka umabot ng 10 porsyento ang kabuuang pagbagsak ng buong taon,” she added.
She said even the allocation for COVID-19 response from the proposed P4.5 trillion 2021 national budget needs to be augmented. Quimbo said her proposed bill intends to provide P400 billion to assist households, workers and businesses affected by the pandemic and for disaster response .
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