The Philippines will need a sizeable budget to offset the negative impacts of the COVID-19 pandemic, an economist says.
– The Philippines will need a sizeable budget to offset the negative impacts of the COVID-19 pandemic.
Finance Secretary Carlos Dominguez III has cancelled a plan to seek from Congress a supplemental budget to partly bankroll the government’s ₱1.49 trillion socioeconomic strategy this year against COVID-19. Mapa added that based on first quarter gross domestic product numbers, the country's growth trajectory is on the downside.
Mapa stressed the need for the government's stimulus package to be directed to the right sectors, saying"the battle cry right now should be to save jobs."
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