Bayanihan pa more! Stella Quimbo bats for 3rd COVID-19 stimulus package
Marikina Rep. Stella Quimbo is pushing for the passage of a third stimulus package as the economic contraction worsens due to the COVID-19 pandemic.
Quimbo reiterated the need for the approval of a so-called Bayanihan 3 Law after the Philippine Statistics Authority announced that the Philippine economy contracted 9.5 percent in 2020.
In a statement, the economist turned lawmaker said the government needs to spend more to spur economic growth.
“Sa gitna ng malaking pagbagsak ng kita at sa pagtaas ng presyo ng pagkain, Bayanihan pa more, please,” she said.
Quimbo’s Bayanihan 3 bill proposes a P400-billion peso budget for the government to address the COVID-19 crisis. Of this amount, P330 billion will be spent for the pandemic while P70 billion will be allocated for disaster response.