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Sunday, May 2, 2021

Drilon pushes for P24B wage subsidy for private sector workers

Senate Minority Leader Frank Drilon on Sunday threw his support behind the P24-billion wage subsidy program for private sectors workers and urged the Department of Budget and Management (DBM) to immediately recommend the realignment of unused funds in the 2021 budget to fund it.

He said the funding could come from unutilized special purpose funds (SPFs) and unobligated or unreleased balances of budget items in the 2021 General Appropriations Act (GAA), including the P19 -billion anti-insurgency funds.

“I support the proposed wage subsidy for private sector workers. The subsidy will enable small and medium enterprises to retain their employees and prevent further job losses,” the former labor secretary said in a statement on Sunday.

Drilon noted the 4.4 million Filipinos who went jobless in 2020, equivalent to 10% unemployment rate.

He said that his study of the 2021 GAA shows that there are P556.49 billion items in the budget that can be realigned to fund the much-needed “ayuda” to the private sector workers and poor Filipinos.

“I urge the DBM to immediately recommend to the President the realignment of these huge allocations in the budget,” Drilon said.

There is no harm if we postpone some of these items and use the unutilized and unobligated balances to feed millions of Filipinos who are struggling to put food on the table and keep the jobs of thousands, if not million, Filipinos,” he said.



Source: Latest Politics News Today (Politics.com.ph)

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