The DBM has approved the release of P4.13 billion to bankroll a DSWD program to distribute P1,000 cash assistance to over 4 million households affected by soaring prices of oil and basic commodities.
The Department of Budget and Management has approved the release of P4.13 billion to bankroll a Department of Social Welfare and Development program to distribute P1,000 cash assistance to over 4 million households affected by soaring prices of oil and basic commodities.
Budget Secretary Amenah F. Pangandaman greenlighted the release of the Special Allotment Release Order on Monday, August 1. Under the second tranche of TCT program implementation, P500 per month for two months will be released to non-beneficiaries of Pantawid Pamilyang Pilipino Program identified by the DSWD.
“This is good news, especially for the most vulnerable households, who will be the beneficiaries of the second tranche of the TCT Program.We want them to know and feel that their government is here for them. We are ready to help them,” Pangandaman said. “This targeted cash transfer program, proposed by the previous administration, will be continued by this government as rising fuel prices remain a burden to their daily lives,” he said. “The Marcos administration stands ready to support the most vulnerable. We are prepared to implement necessary measures to make sure that they are cushioned from the impact of inflation.”
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