MANILA - The Bayanihan to Recover as One bill, which will allow President Rodrigo Duterte to continue realigning funds for coronavirus projects until September 2020, is a new measure and "not an exte
MANILA - The Bayanihan to Recover as One bill, which will allow President Rodrigo Duterte to continue realigning funds for coronavirus projects until September 2020, is a new measure and "not an extension" of the first Bayanihan Act as it has been stripped of emergency powers for the chief executive, senators said on Tuesday.
"It will be a new law, not an extension," Senate President Vicente Sotto III told reporters in a text message. "These are wishlists and eventually we kind of have to consult with our economic managers as to what can be funded as to our cash position, our ability to borrow and all the economic numbers they have to churn out," Angara said.
"They want an extension of the bill to give them enough leeway just in case na magka-second wave. But the measures in the House and now in our floor in the Senate have additional fiscal incentives na hindi na kayang pondohan nang treasury ," Zubiri told reporters in a text message.
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