According to a Palace official, President Duterte has the option of asking Congress for a supplemental budget if government finances are insufficient to provide monetary assistance to individuals impacted by the pandemic lockdown.
For
the moment term, Presidential spokesperson Harry Roque stated Finance Secretary
Carlos Dominguez III said that government corporation income may be a potential
source of financial help or "ayuda" for the impoverished and
vulnerable inhabitants of Metro Manila during the lockdown period.
As
the government attempts to prevent the spread of a highly infectious form of
the coronavirus, the capital region will go under another two-week lockdown
starting Friday, August 6. More than 10 million poor and vulnerable people in
Metro Manila would get a one-time cash assistance.
“Government -owned or -controlled
corporations, If there is no budget for aid, we will look for funding
source. Now Secretary Dominguez of the Department of Finance said the funds
will be sourced from the dividends of the GOCCs” Roque said
“If it won’t be enough, we have savings.
If it is still insufficient, we will ask for a supplemental budget from
Congress. We won’t run out of funds, that’s our assurance to our people,” he
added.
To
deal with the two-week lockdown this month, the government put aside P13
billion for the distribution of financial aid to 10.7 million poor and
vulnerable individuals in Metro Manila. Each beneficiary will get P1,000, with
a maximum of P4,000 per household, under the aid program.
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