Pres. Duterte Signs Bayanihan 2 & Here’s the Breakdown of Funds Under It
DUTERTE – Philippine President Rodrigo Roa Duterte approved the Bayanihan 2 in response to the COVID-19 pandemic.
Philippines is one of the countries that are greatly suffering from the impacts of the COVID-19 pandemic now. More than 200 nations and territories have confirmed cases of this coronavirus disease.
According to the Department of Health, they have logged a total of 252,964 cases of COVID-19 in the country. Out of the said total, DOH said 4,108 deaths and 186,606 recoveries were included.
In the pursuit to curb the spread of the COVID-19 disease, community quarantine measures continue to be implemented nationwide. Also, certain things became protocols like the wearing of a face mask and the practice of social distancing.
In response to the COVID-19 pandemic, Pres. Rodrigo Roa Duterte has approved the 2nd part of the Bayanihan to Recover as One Act or the Bayanihan 2 into a law as confirmed by Senator Christopher “Bong” Go and Executive Secretary Salvador Medialdea.
visit: Bayanihan 2 – Another COVID-19 Relief Package Ratified By Senate
According to the report, the Bayanihan 2 which was recently approved by Pres. Duterte is seen as a “life vest” for the Philippines amid the COVID-19 pandemic. It entails the P140-billion assistance package for the industries affected by the crisis.
Furthermore, the new law states a Php 25.52-billion standby fund that the government may use before the 2021 budget will take effect. Here is the breakdown of the funds:
- Funding for government financial institutions – P39.47 billion
- Loans for farmers – P24 billion
- Health-related response – P13.5 billion
- Cash for work and involuntary separation pay – P13 billion
- Transportation programs – P9.5 billion
- Social welfare programs – P6 billion
- Hiring of contact tracers – P5 billion
- Construction of temporary isolation facilities – P4.5 billion
- Education sector’s transition to new normal – P4 billion
- Maintenance of isolation facilities (hotel, food, transportation bills)- P4.5 billion
- Tourism industry assistance and programs – P4 billion
- Assistance for State Universities and Colleges – P3 billion
- Procurement of personal protective equipment – P3 billion
- Payment for local government loans – P2 billion
- Local Government Support Fund – P1.5 billion
- TESDA scholarship – P1 billion
- Foreign Affairs assistance to nationals fund – P820 million
- Allowances for qualified students – P600 million
- Allowances for displaced teachers, non-teaching personnel – P300 million
- Allowances for national athletes and coaches – P180 million
- Training and subsidies for tourist guides – P100 million
- UP computational research laboratory – P15 million
- Health Technology Assessment Council research fund – P10 million
- Professional Regulation Commission computer-based licensure exam: P2.5 million
- Standby fund – P25.52 billion
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