Albay Rep. Joey Salceda (Photo from Joey Salceda Facebook page) MANILA – The chairman of the House ways and means committee on Monday said the proposed Bayanihan to Arise as One Act (Bayanihan 3) would be funded in a way that does not increase the country’s deficit.
Albay Rep. Joey Salceda said he is working with the Department of Finance to find revenue sources for the third Bayanihan measure and ensure that it would be “deficit-neutral”.
Salceda said the question of funding could be solved by increasing the mandatory dividend remittance of government-owned and controlled corporations (GOCCs) from 50 percent to […]
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