No funds yet for Bayanihan 3, gov’t admits

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While President Duterte’s chief economic manager supports more financial aid to vulnerable sectors amid the prolonged pandemic, he maintains that additional spending should be within the government’s means and not further bloat the budget deficit.

“The administration is very concerned about the rise in hunger and in poverty. And we believe that we must address this issue squarely and soon. So in that manner, we are in favor of a piece of legislation focused on those two issues—hunger and poverty,” Finance Secretary Carlos Dominguez III said during last Tuesday’s Senate committee of the whole hearing on the national vaccination program.

Dominguez was addressing Sen. Kiko Pangilina…

Keep on reading: No funds yet for Bayanihan 3, gov’t admits