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Salceda: House ready and willing to do its part on economic recovery

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Albay Rep. Joey Sarte Salceda said on Tuesday that the House of Representatives is ready and willing to “do its part” in passing what Finance Secretary Carlos Dominguez called “legislative imperatives” for the country’s economic recovery.

The House tax panel chair, who has filed his version of each of Dominguez’s requested bills, said the House was “ahead of the curve by months,” when Speaker Alan Peter Cayetano called for an economic recovery cluster to study recovery measures as part of the work of the House Defeat Covid-19 Committee.

“In the House, we already passed versions of Secretary Dominguez’s requests for capital infusion for government financial institutions, and allowing banks to manage non-performing loans,” he said.

“As you know, we passed our version of CREATE in 2019. And we passed Agri-Agra amendments last March,” Salceda said.

“If there are revisions that are needed, we are also ready. We’ve had marathon hearings on the economy, and if needed, we are ready to have them again,” Salceda added.

Nonetheless, Salceda said, “we expect the executive to be reciprocally open to the inputs of the House.”

“We’ve done our study and our consultations, also. We have our inputs. My office, for its part, has released study after study, and proposal after proposal – some of which have been adopted,” he said.

“We expect the Executive to continue to show openness to refining the country’s recovery plan,” Salceda said.

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