Vice Pres. Robredo Believes Giving Out “Stimulus Package” Can Be Great Help amid the Crisis
ROBREDO – Vice President Leni Robredo is proposing to government to give a “stimulus package” to small businesses to help employees keep their job.
One of the most heartbreaking realities amid the COVID-19 pandemic that hit the globe is that while dealing with the so-called new normal, many people lost their only source of income. A lot of businesses had to permanently or temporarily close as they failed to cope with the demands of the pandemic.
Unfortunately, many of those who lost their jobs amid the pandemic were the breadwinners or the sole earner of their families. Putting food on the table now is harder for them. The pandemic is undeniably a big factor in the unemployment rate in the country now.
To help address the current situation in the Philippines, Vice Pres. Leni Robredo is calling for a “stimulus package” for the small business. She believes it will assure employment for the people who rely on their job.
Based on a report on ABS-CBN News, Vice Pres. Leni Robredo is proposing to the government to give a “stimulus package” to small businesses as the loans may not spark the interest of owners. According to her, with regards to loans, it is evident that the interest rates were pulled to align it with the situation now but many employers or business owners still do not consider it because of the uncertainty of the situation.
The Vice President believes that it would be a big thing if businesses would be given a stimulus package that they need not to pay for in due time and just assure the government to keep the people employed in them keep their work amid the crisis.
Based on the report, there is a spike in the unemployment rate in the Philippines amid the COVID-19 pandemic. Citing the statement of National Statistician Dennis Mapa, the unemployment rate that was at 6.9% in July rose to 8.1% in August.
The increase in the unemployment rate is considered as an impact of the stricter community quarantine measures in Metro Manila in August. Currently, the capital region is under localized lockdowns.
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