Gov’t plans P51-B wage subsidies for middle-class workers
The Philippine government plans a P51-billion wage subsidy program for middle-class workers affected by the coronavirus lockdown.
Finance Undersecretary Karl Chua announced that around 3.4 million workers in micro, small, and medium enterprises (MSMEs) will benefit from this initiative.
Priority will be given to compliant MSMEs based on BIR records, while non-compliant ones will still receive assistance but as a second priority.
This subsidy is separate from the P200-billion Social Amelioration Program for low-income families.
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