Lower House moves to prioritize small businesses affected by COVID-19 pandemic

WHILE Congress has yet to start discussing the national budget for 2021, House Speaker Alan Peter Cayetano said that smaller businesses in the country affected by the coronavirus pandemic or COVID-19 pandemic must be prioritized.

 

Speaking to reporters after donating food supply to the police force, Cayetano sees the need for a stimulus package to help the micro, small and medium enterprises (MSMEs).

 

“But we can already predict that kailangan ng malaking stimulus at kailangan ng tulong ng micro, small and medium enterprise. So you will probably see a 2021 budget that is really front lining smaller businesses,” said Cayetano.

 

Recently, Marikina District Rep. Stella Quimbo proposed a P370 billion stimulus package to address the economic impact of COVID-19 on the country including businesses.

 

Quimbo emphasized that the said budget is for those workers affected by the imposed government measures against the outbreak through labor retention using business continuity.

 

Meanwhile, Cayetano said Congress is now finding ways to continue DSWD’ssocial amelioration program.

 

He said it is by realigning some of the programs inside this year’s spending budget.

 

“But I can tell you mas abala ngayon dito sa 2019-2020 budget, kung paano ito i-convert o magamit kaagad ng tao – social amelioration, nandu’n pa rin ‘yung focus,” Cayetano said.

 

The government has allotted PhP 200.00 B budget for the social amelioration program aiming to help needy families outside the 4Ps program.

 

With that, Cayetano said they are trying to meet with groups whose livelihoods were affected by the COVID-19 crisis.

 

Next week, House leaders will coordinate with the economic managers to discuss measures that will ease the impact of COVID- 19 to the economy.

 

They are also set to meet business groups to talk about the same issue.

 

SMNI NEWS

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