Follow us for updates
© 2020
Read the Story →

Duterte Seeks to Create Up to 220,000 Jobs with Revamped 'Build, Build, Build'

Infrastructure building in 2021 will prioritize health, essential services and transportation.
by Joel Guinto
Aug 28, 2020
Photo/s: Jerome Ascano

President Rodrigo Duterte told lawmakers in his pitch for a P4.5-trillion budget next year that a revitalized "Build, Build, Build" would create up to 220,000 jobs, helping offset losses due to the pandemic.

Insfrastructure building in 2021 will prioritize health, essential services and transportation, Duterte said in the budget message that comes every year with the spending plan that Malacanang submits to the House of Representatives.

For infrastructure, next year's budget proposal sought to allocate the equivalent of 5.4 percent of the country's economy or gross domestic product.

Joblessness at Record Level, SWS Says, Reflecting Human Toll of COVID Lockdown
7.3 Million Filipinos Have No Jobs; Do You Still Have Yours?

Unemployment is at record levels, at a quarter of workers aged 18 and up surveyed by the Social Weather Stations. Last April, the government estimated the total jobless at 7.3 million and the figure will be updated on Sept. 4.

"Because of its high multiplier effect on economic growth and output, infrastructure development is indispensable in reviving the Philippine economy during and after the COVID-19 pandemic," he said.

Continue reading below ↓

The pandemic and resulting quarantines, now on its fifth month, have led to the first economic recession in decades.

Philippines to Knock Out Recession with Pacquiao Punch: Finance Chief
or Robredo, It's Not a Choice Between Health and the Economy

Latest Headlines
Read Next
Recent News
The news. So what? Subscribe to the newsletter that explains what the news means for you.
The email address you entered is invalid.
Thank you for signing up to On Three, reportr's weekly newsletter delivered to your mailbox three times a week. Only the latest, most useful and most insightful reads.
By signing up to newsletter, you agree to our Terms of Service and Privacy Policy.