The government has allocated P1.14-trillion budget for the implementation of the National Employment Recovery Strategy (NERS) 2021-2022, top-billed by high impact infrastructure projects.
Based on the Department of Labor and Employment presentation at the Pre-Summit Dialogue for Business by the Task Group on Economic Recovery, which crafted the 8-Point Employment Recovery Action Plan, the budget have been allocated to different government agencies in charge in the implementation of various projects. Another P24 billion have been proposed additional budget for the NERS.
“Your valuable inputs will help us prepare for the Job Summit on May 1 by developing a business and labor sector agenda to speed up employment recovery in the wake of the COVID-19 health crisis,” said Lopez.
The DTI chief has assured the business sector of government support as they prepare for the safe reopening of the economy.
“We would like to assure you that in response to the challenges you are facing, government initiatives are ready to help businesses—especially Micro, Small, and Medium Enterprises (MSMEs)—recover,” he said.