House approves P401-B Bayanihan 3
THE House of Representatives on Tuesday approved on final reading the Bayanihan to Arise as One bill (Bayanihan 3) that will provide more aid to Filipinos amid the Covid-19 pandemic.
With 238 affirmative votes, no negative votes, and one abstention, the chamber passed House Bill 9411, which proposes a stimulus package amounting to PHP401 billion.
Bayanihan 3 is divided into three phases, with a budget breakdown of PHP165.9 billion for Phase 1, PHP186 billion for Phase 2, and PHP48.6 for Phase 3.
Two rounds of financial aid worth P1,000 shall be granted to each Filipino.
The cash subsidy program shall have a total funding of P216 billion.
Pandemic-affected households shall receive a one-time cash subsidy worth P5,000 to P10,000 to be implemented by the Department of Social Welfare and Development.
The bill also offers wage subsidies with a funding of P20 billion, assistance to displaced workers at P25 billion, assistance to the agri-fishery sector and cooperatives at P30, medical assistance to indigents at P9 billion, and local government support fund at P3 billion.
