outbrain
Close  

House to allocate funds for COVID-19 vaccine in 2021 budget – Cayetano

By: - Reporter / @CMarquezINQ
/ 06:27 PM June 27, 2020

MANILA, Philippines — The House of Representatives will earmark funds for the purchase of the COVID-19 vaccine in the proposed P4.3 trillion national budget for 2021, House Speaker Alan Peter Cayetano said Saturday.

“We know they are being cautious about the deficit, but funds should already be allocated for the COVID-19 vaccine. And we can label it as COVID-related programs so that if the vaccine is not yet available, they can use the money for testing or procurement of medical supplies. They won’t have to go back to Congress for additional appropriation,” Cayetano said in a statement.

ADVERTISEMENT

According to Cayetano, such a plan would allow the government to have funds ready in case a vaccine for the coronavirus disease is already produced.

“What if there is a vaccine and they won’t supply unless you pay at once? So the funds should already be available in the budget,” he said.

FEATURED STORIES

Aside from funding the procurement of the COVID-19 vaccine, Cayetano said they will also include in next year’s budget the appropriation for the economic stimulus scheme that would help the recovery of sectors impacted by the pandemic.

The provision, he added, will be on top of allocations under the proposed Bayanihan to Recover as One Act, a legislation that will replace the Bayanihan to Heal As One Act that lapsed on June 25. The first Bayanihan law granted President Rodrigo Duterte special powers to address the COVID-19 pandemic.

Presently, Cayetano said, the House, Senate, and the Department of Finance are at “80 to 90 percent” in agreement on the final version of the second Bayanihan law.

“Bayanihan 2 law would allocate up to P200 billion for recovery programs and projects,” he pointed out.

KGA

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 2019-nCoV, 2021, Coronavirus, coronavirus Philippines, COVID-19, Health, Local news, Nation, National Budget, national news, NcoV, nCoV update, news, novel coronavirus, pandemic, Philippine news updates, vaccine, Virus
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.