Govt urged to spend for long-term to curb crisis

MANILA, Philippines – A switch to long-term and incremental spending from a “one-time” stimulus will be key for the Philippines to ride out the crisis, a Palace economic adviser said Tuesday.

The government, said Albay governor Jose “Joey” C. Salceda, should shell out some P10 billion every month for the next three years, funding conditional cash transfers (CCTs), scholarships, and training programs, to complement infrastructure outlays as the economic crisis deepens.

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