Alan Peter Cayetano

10K cash aid to help PH recover from pandemic

June 19, 2021 Ryan Ponce Pacpaco 699 views

FORMER Speaker Alan Peter Cayetano has reiterated that his proposed 10K cash aid proposal in Congress will help the economy recover from the effects of the coronavirus disease-19 (COVID-19) pandemic.

Cayetano said the direct stimulus program will boost the economy as households will directly spend the money on their basic needs and use the rest as capital for a small business.

“Kahit ang NEDA (National Economic Development Authority) ay nagsabing isang susi sa ating recovery ‘yung household consumption, so kung mayroon pong pera sa bulsa ng bawat pamilyang Pilipino ay maganda po ang ating kinabukasan at ang ekonomiya natin ay aandar,” Cayetano said.

He said this form of assistance will be beneficial to those reeling from the ill effects of the pandemic, particularly the most vulnerable sectors of society.

“Kaya sampung libo kasi enough ito na mabayaran ‘yung kaunting utang sa kuryente at sa tubig. Tapos mayroon ka pang matitirang between 4,000 to 5,000 kung may maliit kang i-nenegosyo,” he said.

At the same time, Cayetano explained the importance of having a five-year economic recovery plan in place to address the country’s worsening economic status due to the pandemic.

“Kawawa po ang mga Pilipino kung ‘yung susunod na Pangulo ay saka pa lang gagawa ng plano o kaya kung marami ang kokontra sa plano,” he said.

“Kaya five-year plan umpisa na dapat ang plano na ‘yun sa taon na ito tapos tuloy-tuloy sa unang tatlo o apat na taon ng bagong administrasyon,” he added.

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