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House OKs P1.5-T unemployment reduction bill

The House of Representatives on Friday approved the P1.5-trillion  COVID-19 Unemployment Reduction Economic Stimulus (CURES) bill on third and final reading.

House Bill 6920 -- which allows the government to release P500 billion annually for the next three years to fund infrastructure projects in five sectors considered most affected by COVID-19 -- got 210 yes votes as against seven no votes.

The five sectors mentioned in the bill are namely health, education, agriculture, local roads and livelihood.

House Majority Leader Martin Romualdez said such infrastructure projects would include barangay health centers, municipal and city hospitals, digital equipment for COVID-19 testing, telemedicine services, post-harvest facilities, trading centers, and farm-to-market roads, among others.

The approval of the measure came on the same day the Philippine Statistics Authority reported that the number of unemployed in the country reached a record high 7.3 million in April. --KBK, GMA News