Go urged the Gov’t to enhance interventions in addressing inflationary pressures

Christopher “Bong” Go has urged the government to implement additional interventions and assistance for the poor to address the growing impact of inflation on the country’s most vulnerable populations.

Citing recent statistics indicating a rise in the inflation rate, which has disproportionately affected low-income families, Go emphasized the importance of providing substantial support and relief to ensure that no Filipino is left behind.

The Philippine Statistics Authority’s (PSA) report revealed that inflation rates accelerated to 3.4 percent in February, up from 2.8 percent in January. While within the forecast range of the Bangko Sentral ng Pilipinas, the increase is still a cause for concern among economic analysts and policymakers.

The PSA attributed the price surges mainly to increases in the cost of food and non-alcoholic beverages, transport, and housing utilities.

“In light of these alarming figures, it is imperative for our government agencies to act swiftly and efficiently. The Filipino people rely on government support to ease their burdens,” said Go.

To alleviate the financial strain on Filipino families, Go recently co-authored and co-sponsored Senate Bill (SB) 2534, which seeks to raise the daily minimum wage by P100 nationwide. The measure, approved on third and final reading in the Senate on February 19, is still pending in the lower house.

“A significant wage increase is necessary to help our workers cope with the rising cost of living. It’s about ensuring that our people can provide for their families without undue hardship,” he said.

The measure aims to offer a fair and enduring approach to addressing wage disparities nationwide, as well as to comply with the constitutional mandate to enhance the living standards of the average Filipino, with a particular focus on the working class.

In addition to economic measures, Go highlighted the role of Malasakit Centers in easing the financial strain on families. These centers, established to streamline access to medical and financial assistance from various government agencies, have provided relief to Filipinos, especially during economic downturns.

Politics News: Go urged the Gov’t to enhance interventions in addressing inflationary pressures