House Ways and Means Chair and Appropriations Vice Chair Joey Sarte Salceda confirmed that the bicameral conference committee has approved the proposed ₱4.5-trillion budget for 2021.
Not even the global health pandemic can stop the local government here from promoting this highly urbanized city to investors, said Mayor Jerry Treñas.
“I take it as a signal that as soon as we get the vaccine and return to the previous normal, we will recover to around 5-6% unemployment. I am still alarmed at underemployment, which stands at 14.4%. Much of that is just Filipino inventiveness―online selling, and other new cottage industries. They will not be enough to pay the rent and the bills.”