The second tranche of the Targeted Cash Transfer (TCT) program has been released to the Department of Social Welfare and Development (DSWD) for distribution, the Departments of Finance (DoF) and Budget and Management (DBM) said. READ:
The program is intended to address the impact of rising prices on vulnerable households, according to statements issued by both departments.
The budget allotment for the second tranche will be distributed to over four million beneficiaries identified by the DSWD, with each non-Pantawid Pamilyang Pilipino Program recipient receiving P500 each month for two months. “This is good news, especially for the most vulnerable households, who will be the beneficiaries of the second tranche of the TCT Program. These are our countrymen who are mostly affected by the rising costs of gasoline and other goods. We want them to know and feel that their government is here for them. We are ready to help them,” Budget Secretary Amenah F. Pangandaman said.poll of 14 economists last week yielded a median estimate of 6.2% for July headline inflation, against the 6.
The first tranche of the TCT included those with existing cash cards and registered for the 4Ps, as well as some former recipients of the unconditional cash transfer program between 2018 and 2020.
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