MANILA, Philippines — Senate Minority Leader Franklin Drilon on Wednesday questioned the “drop in the bucket” P10-billion funding for a “rescue package” to aid pandemic-hit companies, pointing out that the amount is only half of the amount allocated by the government for its anti-insurgency task force in 2021.
Drilon raised this as the Senate subcommittee on Banks, Financial Institutions and Currencies tackles the proposed Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (Guide) Act.
“Either we add more funds or we struck out this program because it does not help us. I would favor that we increase the amount of money that we ca…
Keep on reading: P10-B as a ‘rescue package’ for pandemic-hit firms ‘a joke’ – Drilon