Cayetano sees 2021 budget aiding SMBs post-COVID

House Speaker Alan Cayetano sees the 2021 national budget focusing on aiding small businesses post-COVID-19.

Cayetano instructed House leaders to meet with Budget Secretary Wendel Avisado to discuss next year's proposed budget, emphasizing sensitivity to societal changes brought by the pandemic.

Rep. Stella Quimbo proposed a P370-billion stimulus package in the House of Representatives to support small and medium businesses affected by the crisis.

Finance Sec Carlos Dominguez presented a P1.45-trillion fiscal program to the House panel, with over half allocated for emergency assistance to vulnerable groups.