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Stepped up spending is the best calamity response, Senate President Pro Tempore Ralph Recto said, “as keeping funds in the treasury is like withholding rice in the bodegas when people are hungry.” Recto said billions in unreleased balances in the 2020 national budget should now

In a country that sits atop the earthquake corridor and is the doormat to the typhoon alley, it is but inevitable that disasters become macroeconomic assumptions of the national budget. Typhoons, floods, earthquakes, volcanic eruptions do not only rearrange the lay of the land,