Sotto: P548B needed in 2020, P80B in 2021 for stimulus

Senate President Vicente Sotto III estimates that P548 billion is needed for economic stimulus in 2020 and an additional P80 billion in 2021.

Sotto supports Senate Bill No. 1542, which aims to restore economic growth, maintain employment levels, and expand the productive capacity of the country.

The bill includes provisions such as mass testing for COVID-19, wage subsidies for affected sectors, expansion of tertiary education subsidy, loans for micro, small, and medium enterprises, and enhancing the 'Build, Build, Build' program.