125 0 0 4 min to read

Use unused cash to pay for an increase in elderly citizens’ pensions.

On Friday, a party-list senator urged President Ferdinand Marcos Jr. and the budget office to use unprogrammed funds in the projected 2023 national budget to pay for an increase in the monthly social pension for elderly people in need as well as cash grants for waitlisted centenarians.

Older Adult Party-list The request was made by Rep. Rodolfo Ordanes as the bicameral conference committee met to begin resolving the divergent sections in the House of Representatives and the Senate’s separate budget versions.

“Please have mercy on the more than four million elderly people who are in need. They have endured far too much pain and sacrificed their prime years of life for their family and country. Because the Unprogrammed Funds can mean the difference between life and death for certain elderly and centenarian destitute people, they are their last resort “In a statement, Ordanes stated.

According to him, under Republic Act 11916, increasing the monthly pension from PHP500 to PHP1,000 would cost roughly PHP25,768,665,000, and approximately PHP70.4 million is required for 704 unfunded cash grants for centenarians on the backlog.

Ordanes said that the planned PHP5.26 trillion national budget for 2023’s estimated PHP26.47 billion overall budgetary requirement represents only 4.5 percent of the proposed PHP588.16 billion Unprogrammed Funds.

“Seniors in need will immediately benefit from this budget. I am ethically and legally compelled to fight for seniors during the remainder of this budget cycle with the Senior Citizen Party list “said he. (PNA)

Congress, according to him, must fulfill its obligations under the Centenarians Act and Republic Act 11916.

“The only alternative left to us is the Unprogrammed Funds. The elderly who are in need have endured much too much suffering while giving their finest years to their family and country, “added said.

The unprogrammed funds, according to the DBM, are “standby appropriations” that will be used for “some unexpected expenses; additional support for infrastructure projects and social programs; support to FAPs (foreign-assisted projects), [and other programs like] last mile schools program, procurement of vaccines, and risk-management program,” among other things.

According to the National Expenditure Program (NEP) (planned for 2023), “The Department of Budget and Management holds steadfast on its position that there have been no anomalies in awarding unprogrammed monies,” it said.

QR Code

Save/Share this story with QR CODE


Disclaimer


This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?


📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.


We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x