THE government’s economic adviser recommended to remove the Alert Level System for a quicker turnaround of the country’s economy.
Presidential Adviser for Entrepreneurship Joey Concepcion also assured that the private sector assist the incoming administration in its COVID-19 response.
During the Laging Handa public briefing, Concepcion said that the alert level system be no longer implemented so that all businesses and employment will fully open and no need to enforce lockdowns so as not to hinder business operations.
According to Concepcion, the business sector will still implement vaccination of employees to ensure that they remain protected so that they continue with their work and production.
It is also important to invest on infrastructure and business so that money will circulate in the economy and in the end, help the country be able to pay its debt.
Concepcion reminded that the country’s national debt is at P12.68 trillion, which he said may possibly balloon further to P13.2 trillion. A big bulk of the money was spent in buying vaccines and other equipment for an effective response against the COVID-19 pandemic.