The National Economic and Development Authority (NEDA) said Wednesday that the release of targeted subsidies to low-income families will cushion the impact of elevated prices of oil and other commodities.
A senior citizen waits to receive a cash card from an employee of the Department of Social Welfare and Development-National Capital Region at the Quezon City Hall on Saturday, July 16, 2022. The release of targeted subsidies to low-income families will cushion the impact of high prices, the National Economic Development Authority says. Luisito Santos/Super Radyo dzBB/File photo
“The timely release of the fund is crucial in the government’s efforts to help the poor cope with the continuous rise in commodity prices due to external shocks and other factors,” NEDA Secretary Arsenio Balisacan said in a statement.release of P4.1-billion The amount will cover the second tranche requirements for the implementation of the TCT Program, in which beneficiaries will receive P500 in monthly cash subsidy in three tranches for six months or a total of P3,000.
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