Europe-PH News

House to prioritize ₱405.6-B Bayanihan 3

May 17, 2021

ECCP Online

Metro Manila (CNN Philippines, May 16) — The House of Representatives will pursue the passage of the ₱405.6-billion Bayanihan 3 or the “Bayanihan to Arise As One Act” once the session resumes on Monday, according to House Majority Leader Martin Romualdez.

The Leyte 1st District Representative said the House of Representatives will "prioritize" the proposed Bayanihan 3 to help rev up the pandemic-battered economy.

"We need Bayanihan 3 to help ensure that the economy recovers quickly from the coronavirus disease-19-induced crisis in a strong, sustainable, and resilient manner," he was quoted as saying in a statement Sunday.

"We only have three weeks to pass this vital measure that will help our fellow Filipinos who are all affected by the pandemic, and we are confident that before we adjourn, we will be able to pass the measure," Romualdez added.

Romualdez noted that the proposed third COVID-19 stimulus package has already secured approvals from the House Committees on Social Services, Economic Affairs, and Ways and Means.

But the Bayanihan 3 proposal still has to go through the Committee on Appropriations, he added.

Under the bill, Marikina Rep. Stella Quimbo earlier this month said ₱216 billion will be earmarked for the cash grant. This means each Filipino will be entitled to a ₱2,000 cash aid.

Aside from this, lawmakers have also proposed an additional ₱30 billion to finance the Department of Social Welfare and Development's emergency assistance program for households affected by COVID-19.

The proposed bill also seeks to provide wage subsidies and assistance to displaced workers and to the agri-fishery sector.

Source: CNN Philippines (https://www.cnnphilippines.com/news/2021/5/16/House-to-prioritize--405.6-B-Bayanihan-3--.html)

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