Gov’t setting aside P18B for jobs creation

AN initial P18 billion is being allocated by the government to create jobs amid increasing retrenchments because of the global financial crisis.

The budget for the first of the massive livelihood and emergency employment program will be sourced from the budget surplus last year, according to the National Anti Poverty-Commission.

Secretary Domingo Panganiban, NAPC chairman, said the government invested at least P18.1 billion in projects to create new employment opportunities for 63,672 poor and low income workers as the government prepares to cope with the effects of the global economic crunch on the labor force.

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