Rep. José María Clemente “Joey” Salceda is proposing a P45-billion wage subsidy program for millions employed by small and medium enterprises (SMEs) and for freelancers as other lawmakers suggest tapping debt payments to help them. In a statement on ...
Rep. José María Clemente “Joey” Salceda is proposing a P45-billion wage subsidy program for millions employed by small and medium enterprises and for freelancers as other lawmakers suggest tapping debt payments to help them.
“I wrote to President [Rodrigo] Duterte today to recommend to him that we begin calibrating a wage subsidy program for small and medium enterprises as well as for those in the gig economy,” said the Albay representative, who is the House ways and means committee chairman.He said the program would provide relief to formal economy workers, entrepreneurs and self-employed individuals, who typically belong to the middle class.
If approved, the proposed aid would be distributed by the Social Security System, with assistance from the Bureau of Internal Revenue and the Department of Labor and Employment, for formal economy workers, Salceda said. He said there were enough available fund sources in the 2020 national budget, contrary to President Duterte’s claim of “lack of budget” in one of his televised appearances.
He noted that the government has P13-billion contingency fund in the 2020 national budget, P16 billion from the National Disaster Risk Reduction Management fund and at least P56 billion of the agency’s accumulated funds up to 2019.The lawmaker said there were also “billions of intelligence and confidential funds” that could be used for aid.
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