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Philippine Congress Approves $3.4 Billion Pandemic Relief

  • Duterte says economy halted, government must spend wisely
  • Hiring of 50,000 contact tracers part of relief plan
Duterte's Political Future Hinges on Philippine Pandemic Rebound
Photographer: Geric Cruz/Bloomberg
Updated on

The Philippines’ House of Representatives on Monday approved the final version of a 165.5 billion-peso ($3.4 billion) pandemic relief bill that would provide subsidies to the unemployed, loans to businesses and payment deferral for borrowers.

The measure, which would also extend President Rodrigo Duterte’s authority to refocus funds in this year’s 4.1 trillion-peso budget, will be sent to him for signature after the Senate’s approval last week.