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REALIGN ECONOMIC STIMULUS TO AID

ONDOY VICTIMS – CHIZ
 
Opposition Sen. Chiz Escudero yesterday called on Malacanang to immediately realign portions of the P330-
billion economic stimulus program to help victims of typhoon Ondoy.

“There is an immediate need to put Metro Manila and other typhoon-stricken areas in the country back on
their feet. President Gloria Macapagal Arroyo should immediately realign or use unreleased portions of the
stimulus fund to help Ondoy victims and concerned local government units cope with this tragedy,” Escudero
said.

The 39-year old lawmaker said it is especially critical for Metro Manila to get back on its feet soonest since it
is the economic center of the country.

“It is important at this point for Metro Manila to immediately return to normalcy. It is also critical for Metro
Manilans to regain their confidence especially after this tragedy,” Escudero said.

“If concerned LGUs need more resources to help the people, then the national government should
immediately get these resources out to them,” he added.

Earlier, Escudero called for a three-month moratorium on loan payments to the Government Service
Insurance System (GSIS), Social Security System (SSS), and the Home Development Mutual Fund (Pag-Ibig
Fund) in Metro Manila and other typhoon-damaged areas.

He also urged the three agencies to expedite the release of multi-purpose loans to members affected by
Ondoy.

The Arroyo government’s P330-billion economic stimulus program covers mostly infrastructure projects and
other job-generation activities. But the program also provides for income tax relief and rebates for electricity
bills, among others.

“In light of the devastation brought by Ondoy, the government should take into account survival first before
stimulus. This should be the primary consideration in revisiting its stimulus program and see how it can be
used to aid our countrymen,” Escudero said.
 
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