Go urges govt to step up interventions vs inflation

SEN. Christopher “Bong” Go urged the government to implement more interventions and aid for the poor to address the rising impact of inflation on the country’s most vulnerable populations.

He cited recent statistics indicating a rise in the inflation rate, which has disproportionately affected lowincome families.

“In these challenging times, it is imperative that we do not neglect the needs of our poorest countrymen. The recent inflation report is a stark reminder that more needs to be done to cushion the impact on those who are most vulnerable,” Go said.

He emphasized the importance of providing substantial support and relief to ensure no Filipino is left behind.

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

The PSA has attributed 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 further 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 across the country. The measure was approved on third and final reading in the Senate on February 19 but 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.

Also, the measure seeks to offer a fair and enduring approach to addressing wage disparities nationwide. It likewise aims 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. Established to streamline access to medical and financial assistance from various government agencies, Malasakit Centers have provided relief to Filipinos, especially during economic downturns.