House ways and means chairman and Albay 2nd district Rep. Joey Sarte Salceda recommended to President Duterte on Saturday (April 11) the implementation of a P45-billion wage subsidy program for nearly 6 million workers, small entrepreneurs, and freelancers.
He said his proposed Payroll Support for Workers, Entrepreneurs, and Self-employed Program seeks to cover 5.98 million workers in small and medium enterprises , sole entrepreneurs, and freelancers and will be implemented for three months.
The House leader asked President Duterte to consider his proposed subsidy program that seeks to ease the financial plight of middle class workers. Citing Bureau of Internal Revenue data, Salceda’s office estimates that MSMEs employ around 4.1 million formal economy workers, while some 380,000 entrepreneurs are sole enterprises.
He said most of the cash subsidy for formal economy workers will be distributed via the Social Security System , which will be assisted by the Bureau of Internal Revenue and the Department of Labor and Employment .
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