Philippine News Agency
House panel okays P1.5-T infra plan to curb unemployment
The House Defeat COVID-19 committee has approved a P1.5-trillion bill aimed at funding infrastructure projects to address unemployment exacerbated by the pandemic.
House Bill No. 6709, also known as the COVID-19 Unemployment Reduction Economic Stimulus (Cures) Act of 2020, was unanimously approved by the committee.
The Cures Act proposes to disburse P500 billion annually for three years from a P1.5-trillion Cures Fund.
These funds will be utilized for construction projects in five key sectors: health, education, agriculture, local roads, and livelihood.
Planned infrastructure projects include barangay health centers, municipal and city hospitals, digital equipment for COVID-19 testing, telemedicine services, post-harvest facilities, trading centers, and farm-to-market roads.
The bill intends to generate employment for Filipinos displaced by the COVID-19 lockdown and repatriated overseas Filipino workers.
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The House of Representatives' Defeat COVID-19 Committee has approved a substitute measure to House Bill 6709, also known as the COVID-19 Unemployment Reduction Economic Stimulus (CURES) Act of 2020.
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The House Defeat Covid-19 Committee approved on Tuesday, May 26, 2020, an economic stimulus package worth PHP1.3 trillion to aid the country's recovery from the pandemic.
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