The Marcos Jr. administration plans to bankroll almost P200 billion in social protection programs next year that include cash transfers, social pension, and emergency repatriation spending, according to the DBM. Know more:
THE Marcos Jr. administration plans to bankroll almost P200 billion in social protection programs next year that include cash transfers, social pension, and emergency repatriation spending, according to the Department of Budget and Management .
Based on the 2024 National Expenditure Program , the DSWD’s Pantawid Pamilyang Pilipino Program or 4Ps would get P112.8 billion next year to cover education and health grants on top of rice subsidies. The national government is earmarking P49.8 billion for its Social Pension for Indigent Senior Citizens program in line with the implementation of Republic Act 11916 that doubled senior citizens’ monthly pension to P1,000. The 2024 NEP noted that the program’s budget was “almost double” compared to its funding this year.
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