Press Release
January 18, 2016

Senate moves to declare Second Week of November as Economic and Financial Literacy Week

The Senate has passed on third and final reading a bill seeking to declare the second week of November of every year as economic and financial literacy week.

Senator Joseph Victor Ejercito, chairman of the Committee on Economic Affairs, said Senate Bill No. 2779 seeks to promote consciousness of the country's economic and financial positions.

He said the proposed legislation envisions consciousness-raising and knowledge expanding activities that could be integrated in the school curriculum for the benefit of the students and the youth.

"It is very alarming that most Filipinos lack basic financial knowledge. We also want them to know that financial education can be substantial to their self-growth and also the well-being of our country," Ejercito said.

"Through education, we can encourage our citizens not only to take part in improving the condition of our country, but also to change their mindset in terms of their potential contribution through sound financial decisions, " Ejercito added.

He said the proposed legislation complements the government's battle cry for inclusive growth as part of the Philippine Development Plan. (MaeJoy Albano-Miranda)

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