Connect with us

Hi, what are you looking for?


Sotto: No need for 3rd stimulus after extension of Bayanihan II

SENATE President Vicente C. Sotto said he does not see the “necessity” for another stimulus package with the extension of the validity of the second package, known as Bayanihan II, to the end of June.

Mr. Sotto said a sequel to Bayanihan II, known more formally as the Bayanihan to Recover as One Act or Republic Act (RA) 11494, is not being discussed in the chamber.

“Right now, there is no Bayanihan III. We are not discussing it because we extended Bayanihan II,” Mr. Sotto said at an online media forum Wednesday.

Bayanihan III bills that provide up to P485 billion in assistance to hard-hit sectors have been filed in both Houses.

“I don’t think there is a necessity for Bayanihan III,” he added, referring to Senate Bill No. 1953 and House Bill No. 8031, the proposed “Bayanihan to Rebuild as One Act,” which both seek to boost government spending to help the economy recover from the pandemic and the various natural disasters of 2020.

President Rodrigo R. Duterte signed Republic Act No. 11519, which extends the validity of Bayanihan II until June 30. The law initially expired on Dec. 19, 2020.

Bayanihan II allocated up to P165 billion to various sectors, of which the Department of Budget and Management (DBM) has so far released P107.96 billion, as of Dec. 19.

Mr. Sotto said the implementation of the first Bayanihan law, RA 11469, could have been improved if the government had rolled out the national ID system. He said the ID system would have been instrumental in the distribution of the emergency funds.

“The implementation of Bayanihan I, I think was very good. I cannot not say excellent because there was a problem with the Social Amelioration Program (SAP),” he said.

“The reason was the national ID system… di agad tinrabaho noong nakaraang administration hanggang ngayon… naipasa pero hindi na-rollout (it was not worked on by the past administration until now).”

According to DBM data, as of Dec. 19, P386 billion had been released under Bayanihan I. — Charmaine A. Tadalan    

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



By Keisha B. Ta-asan, Reporter THE NATIONAL Government’s (NG) outstanding debt hit a record-high P13.75 trillion as of end-February as domestic borrowings increased, the...


STATE SPENDING on infrastructure rose by 13.4% in 2022, as the government ramped up public works and transportation-related projects. According to the Department of...


BUSINESSES NOW have a more optimistic economic outlook this year, amid a return to pre-pandemic normalcy and increased consumer demand, a survey by the...


SEVERAL former government officials are opposing the plan to merge Landbank of the Philippines (LANDBANK) with the Development Bank of the Philippines (DBP), saying...


MONDE NISSIN CORP. suffered a net loss of P13.03 billion in 2022, a reversal of its P3.12-billion net income a year earlier, due to...


MGEN RENEWABLE Energy, Inc. (MGreen) is keen to expand its 68-megawatt-alternating current (MWac) solar plant project with Vena Energy in Ilocos Norte. “This is...

You May Also Like


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.