ADVERTISEMENTAlbay 2nd District Rep. Joey Salceda said almost P144 billion of this amount would be earmarked for 17.9 million Filipino families which will each receive an P8,000 financial assistance. “I think Congress tomorrow will essentially approve just one sentence, allowing the President to realign almost P275 billion,” Salceda said in the Laging Handa press briefing hosted by the Presidential Communications Operations Office. Congress is scheduled to hold a special session on Monday to pass a bill that would allow Duterte to realign the funds. Let’s say you are paying them P100 million a year. You can avail of a loan from the government for 50 percent of that amount through Landbank or DBP, and instead of paying P100 million, you only have to pay 90 million as incentive from the government.)

Source: Philippine Daily Inquirer March 22, 2020 05:06 UTC