A House deputy speaker on Tuesday said Filipinos should be prepared and must wisely plan on how to budget their income and expenses for the next several months, as the country braces itself for turbulent economic times ahead.
This is the economic alert warning of House Deputy Speaker and Davao City 3rd District Rep. Isidro T. Ungab, saying a worldwide increase in inflation, skyrocketing gas prices, looming food shortage, prolonged Russia-Ukraine war, and on top of all these, another possible spike in Covid-19 cases is projected.
While Filipinos tighten their belts, Ungab said, they should also explore and look for other sources of income and become innovative in times like this. Ungab has recently aired his support for President-elect Ferdinand R. Marcos Jr.’s plan to set a stimulus package in the 2023 national budget.