House Bill 6953, the proposed Bayanihan to Recover As One Act, has been approved on third and final reading by the House of Representatives.
The bill provides for COVID-19 response and recovery interventions, according to co-author Bacolod Cong. Greg Gasataya.
The bill allocates P27.5 billion for healthcare workers and the healthcare system. This includes expanded testing, special risk allowance, free life insurance, and other benefits for all health workers, PPEs and face mask for barangay health workers and other indigenous persons.
Meanwhile, P126.6 billion will be alloted for Economic recovery and livelihood (MIcro Smal Medium enterprises MSMEs, cash for work for displaced workers, agriculture industry, transportation sector, tourism industry, assistance to LGUs, OFWs, TESDA scholarship).
Bayanihan 2 also allots P7.9 billion for Education. This includes digital education and alternative learning for the Education department, including subsidies and allowances for students, teaching and non-teaching personnel, development of smart campuses in State Colleges and Universities.
The breakdown are as follows:
For health care workers, P10.5 billion will be alloted for employment of frontliners, special risk allowance, free life insurance, and other benefits;
P10 billion for expanded testing; P4 billion for temporary medical isolation and quarantine facilities and field hospitals; P3 billion procurement of face masks, PPEs, for barangay health workers;
P4 billion for digital education and alternative learning for DepEd; P3 billion for the development of smart campuses in SUCs; P600 million for subsidies and allowances for public and private elementary, secondary, and tertiary students;
P300 million for teaching and non-teaching personnel in elementary, secondary, and tertiary educational institutions;
P5 billion for credit guarantee programs of PhilGuarantee, for small and medium enterprises and loans; P30 billion for banking facilities and equity infusion of the Land Bank of the Philippines, and recovery for micro, and SMEs;
P15 billion for banking facilities and equity infusion of the Development Bank of the Philippines, and recovery for micro, and SMEs;
P1 billion additional funds for CoViD-19 Assistance to Restart Enterprises; P20 billion cash for displaced workers, P20 billion loan for agri industry including farmers, and fisherfolk; P12 billion is for Assistance to Individuals in Crisis Situations;
P10 billion assistance to transport sector, and tourism infrastructures; P1.5 billion assistance to LGUs, P1 billion TESDA scholarship, P1 billion for low insterest loans to MSMEs;
P820 million funding for repatriation and assistance to Overseas Filipinos; P180 million allowances for national athletes and coaches; P100 million for training and subsidies for tourist guides.