THE HOUSE of Representatives passed on third and final reading a measure that seeks to boost financial literacy among Filipinos through the function of the Technical Education and Skills Development Authority.

Garnering 246 affirmative votes during the plenary session, House Bill 9292, or the proposed act mandating the inclusion of a personal financial literary course in the Technical-Vocational Education and Training curriculum of technical vocational institutions and TESDA training centers, was approved on final reading.

The bill seeks to equip the students with basic knowledge and additional skills in wealth management and contingency planning, especially in properly handling their finances, prepare them to make well-informed financial decisions upon entering the workforce, and help them master financial literacy as an essential life skill in their day-to-day transactions and other activities.

House Speaker Ferdinand Martin Romualdez said that once enacted, the measure would broaden the opportunities and venues for teaching a personal financial literacy course to strengthen financial education among Filipinos.

“Financial literacy is a precious skill that, unfortunately, few have. Filipinos who are financially literate are more likely to avoid financial frauds, develop financial discipline, use debt responsibly, and save their money for education or retirement,” Romualdez said.

The bill shows that TVIs and TESDA training centers shall provide the necessary financial education to tech-voc students while helping them learn and develop other practical tech-voc skills and competencies.

The measure provides mandatory inclusion of Personal Financial Literacy Course in the TVET curriculum.