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PIA Press Release
2009/02/10

PGMA orders speedy implementation of P330-B economic stimulus package

Manila (February 10) -- President Gloria Macapagal-Arroyo on Monday directed the government agencies in charge to hasten the implementation of the infrastructure and social programs under the P30-Billion stimulus package to cushion the impact of the global financial crisis on the Filipino people, particularly the marginalized sector of the society.

In her speech during the multi-sectoral jobs summit held in Malacanang, President Arroyo stressed that the government would pursue its policy of massive investments in physical and human infrastructure to pump-prime the economy in 2009.

The agencies should start rolling out tangible results, President Arroyo said as she described the Economic Resiliency Plan as the "most important government initiative this year."

"Under this Economic Resiliency Plan which is our stimulus program, we will continue our unprecedented investments. I direct key agencies to show solid progress in bidding out and/or implementing major infra and social projects under the P300 billion stimulus package," the President said.

President Arroyo's directive to expedite the spending of the economic stimulus fund is intended to upgrade the country's infrastructure facilities and provide social safety nets in the midst of the global economic crisis.

A big portion of the P330-billion package will be spent on infrastructure projects in the first half of the year.

The economic stimulus package is intended to upgrade infrastructure and capital stock as well as expand social protection to ensure sustainable growth and attain the higher end of the growth targets for this year.

The components of the economic stimulus package involve huge spending government spending on infrastructure and social projects during the first semester.

The Chief Executive also said part of the resiliency plan is the putting of all budget-funded energy-independence and environment jobs under the Emergency Employment Program, in one box called "Green Collar Jobs."

"Among other items of the resiliency plan, we will put all budget-funded energy independence and environment jobs in one box called "Green Collar Jobs," the President said.

She said this includes those who will be hired under the P2- billion reforestation fund, "whether in the re-greening of logged-over uplands like the mountains of Bukidnon, Cagayan de Oro, Lanao del Sur or in the regeneration of mangrove areas."

Under the Grassroots Entrepreneurship for Eco-Tourism (GREET) program of the Department of tourism (DOT), the government will hire workers for coastal clean-up and bay watch projects, the President added.

Included in the program are jatropha planting and the replanting of coconut farms to ensure stable and sustainable biofuel feedstock; LPG retrofitting of tricycles and public utility vehicles (PUVs); barangay electrification using solar panels or connecting them to hydroelectric powered grids.

The President said that Out-of-School Youth Serving Towards Economic Resiliency (OYSTER) would be tapped to designate bicycle lanes, install solar-powered street lights, and other clean energy initiatives under the newly signed Renewable Energy Act.

She added that some 6,000 short-term jobs have been opened under the P650-million poverty mapping project of the Department of Social Welfare and Development (DSWD), which will take off once the 2009 budget takes effect in about six weeks, just in time when school is out, as the project is a major component of the government's Youth Employment in Summer or Yes program.

The economic stimulus package is intended to upgrade infrastructure and capital stock as well as expand social protection to ensure sustainable growth and attain the higher end of the growth targets for this year.

The components of the economic stimulus package involve huge spending government spending on infrastructure and social projects during the first semester.

The Chief Executive also said part of the resiliency plan is the putting of all budget-funded energy-independence and environment jobs under the Emergency Employment Program, in one box called "Green Collar Jobs."

"Among other items of the resiliency plan, we will put all budget-funded energy independence and environment jobs in one box called "Green Collar Jobs," the President said.

She said this includes those who will be hired under the P2- billion reforestation fund, "whether in the re-greening of logged-over uplands like the mountains of Bukidnon, Cagayan de Oro, Lanao del Sur or in the regeneration of mangrove areas."

Under the Grassroots Entrepreneurship for Eco-Tourism (GREET) program of the Department of tourism (DOT), the government will hire workers for coastal clean-up and bay watch projects, the President added.

Included in the program are jatropha planting and the replanting of coconut farms to ensure stable and sustainable biofuel feedstock; LPG retrofitting of tricycles and public utility vehicles (PUVs); barangay electrification using solar panels or connecting them to hydroelectric powered grids.

The President said that Out-of-School Youth Serving Towards Economic Resiliency (OYSTER) would be tapped to designate bicycle lanes, install solar-powered street lights, and other clean energy initiatives under the newly signed Renewable Energy Act.

She added that some 6,000 short-term jobs have been opened under the P650-million poverty mapping project of the Department of Social Welfare and Development (DSWD), which will take off once the 2009 budget takes effect in about six weeks, just in time when school is out, as the project is a major component of the government's Youth Employment in Summer or Yes program.

The planned frontloading and spending for the first half of 2009 is expected to boost private sector confidence in the economy. (PIA 8) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»RP-US relations seen stronger under Obama Administration, US State Sec Clinton assures PGMA
»Show solid progress in bidding out, implementing projects under stimulus plan, PGMA directs key gov't agencies
»Waray-Waray News: Singko mil nga mga narses dadad-on han gobyerno ha mga kablas nga bungto
»Cebuano News: Green collar jobs' package igpapatuman
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