School closure due to pandemic costs gov’t P2 trillion lost revenues

    School closure due to pandemic costs gov’t P2 trillion lost revenues

    P2 trillion worth of revenues were lost when face-to-face classes were suspended due to the pandemic, Transportation Undersecretary for Railways Cesar Chavez said.

    “Dahil diyan ipinag-utos ng Pangulo (Bongbong Marcos) na tulungan ang mga kabataan lalong-lalo na ang mga estudyante na bumalik ang tiwala sa pagpasok sa face-to-face classroom. Dahil diyan nagkaroon ng pagpapasya na gawing libre ang mga pagsakay pansamantala habang pinag-aaralan ang iba pang implikasyon ng mga patakarang ito,” he said.

    He calculated that the government will collect P12 billion in revenues when face-to-face person classes resume in August this year.

    Chavez revealed that Metro Rail Transit-3 lost almost P500 million in revenues after implementing three months of free rides.

    “Bakit estudyante lang ang ililibre? Umabot halos ng kalahating bilyon ang nawala sa MRT-3 ginawang libreng sakay noong April, May at Hunyo. Nag-a-average ng P140 million to P160 million buwan-buwan ang nawawala,” he said.

    The free ride for students will start in August and will end until November.

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