BREAKING: The House of Representatives ratifies the Bayanihan to Recover as One Act, or Bayanihan 2. Once enacted into law, it will allocate ₱165.5 billion to stimulate the country’s economy amid the pandemic. Read more:
The House of Representatives ratified on Monday the Bayanihan to Recover as One Act, or the Bayanihan 2, to assist the government in its COVID-19 response.
House Majority Leader Martin Romualdez said Sunday that this time around, Bayanihan 2 will scrutinize the implementation of government programs related to the pandemic and provide emergency aid to individuals. Speaker Alan Peter Cayetano earlier said the measure will help badly hit sectors recover and also cover compensation for medical frontliners and funding for medical supplies to better equip the health sector in its testing, contact tracing, and treatment efforts.
The ₱165.5 billion consists of a ₱25-billion standby fund and ₱140 billion worth of regular appropriations covering the following:· ₱24 billion to boost agriculture and provide assistance to farmers and fishermen· ₱13 billiion for cash for work program· ₱6 billion for"individuals in crisis" and other programs of DSWD programs· ₱4.
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