NEDA: P1.3-trillion stimulus 'not fundable', lacks new revenue sources

Lawmakers aim to pass a P1.3-trillion economic stimulus package to revive the economy from the coronavirus pandemic, but NEDA says it is 'not fundable'.

Acting Socioeconomic Planning Secretary Karl Chua explains that new revenue sources are very limited and multilateral lenders and bond markets do not count as new sources.

The Constitution requires special appropriations to be actually available, certified by the Bureau of Treasury, and raised through corresponding revenue sources.