Connect with us

Hi, what are you looking for?


Malacañang withholds ‘urgent’ certification from 3rd stimulus bill

PRESIDENT Rodrigo R. Duterte will not certify as urgent the proposed third stimulus law, and will instead work to identify sources of stimulus funds that will not bust the 8.9% budget deficit cap, his spokesman said.

Ang ginagamit natin ngayon ay ang ating budget for 2021 (All we can use now is the 2021 budget),” spokesman Herminio L. Roque, Jr. said at a televised briefing Tuesday.

Citing Finance Secretary Carlos G. Dominguez III, Mr. Roque said the economic team instead proposes to keep the deficit cap intact, and will work with Congress to find funds that will not cause the government to exceed it.

Mr. Roque said Monday that the government can no longer extend additional assistance to low-income households affected by quarantine restrictions due to lack of funds.

The leadership of the House of Representatives has called on the executive branch to hasten the passage of House Bill No. 8031 or the proposed Bayanihan to Arise as One Act, informally known as Bayanihan III.

About P1.7 billion has been disbursed so far by the government’s assistance program for residents of areas affected by the new lockdown, Social Welfare Secretary Rolando Joselito D. Bautista said at a televised meeting with President Rodrigo R. Duterte Monday night.

Metropolitan Manila Development Authority Chair Benjamin D. Abalos, Jr. has said Metro Manila mayors plan to ask the government to extend the 15-day period for the distribution of the aid.

Mr. Abalos said the local officials are struggling to disburse the financial assistance within the period set by the Department of the Interior and Local Government, due in part to concerns about crowd control. — Kyle Aristophere T. Atienza

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Your email address will not be published.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!



Virgin Orbit’s next satellite launch will take place from the UK, following the success of the “Straight Up” mission, which lifted off from Mojave...


Post Office collection and cash delivery workers are to stage a one-day strike later this month in a dispute over pay. Members of the...


UK consumers cut back on credit card borrowing in May amid fears over rising interest rates and a slowing economy driven by a cost...


London City airport is seeking to overturn its Saturday flight ban and raise by 40% the limit on its passenger numbers. A local residents’...


The bank said that it was introducing a £1,200-a-year pay increase from August 1, which would start to show in next month’s pay packets....


Postmasters caught up in the Horizon IT scandal say that they are still being “left in the dark” about a compensation package after the...

You May Also Like


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


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


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


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

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.