74 0 0 4 min to read

Over 7M people receive P7.68B in cash from the government.

More than seven million recipients of the targeted cash transfer (TCT) program run by the Department of Social Welfare and Development (DSWD) have received about PHP7.68 billion in subsidies from the Marcos administration.

The Department of Budget and Management stated on Thursday that the distribution of Special Allotment distribution Orders (SARO) totaling PHP7,684,844,352 had been approved on Tuesday.

“DBM Secretary Amenah F. Pangandaman has approved on May 16, 2023, the release of Special Allotment Release Orders with a total amount of P7,684,844,352 to fund the Targeted Cash Transfer Program of the Department of Social Welfare and Development,” the budget division stated.

“The TCT is anticipated to benefit approximately 7,597,546 beneficiaries,” it continued.

The remaining two months of the TCT are covered by the PHP7.68 billion sum that has been cleared for disbursement, according to the DBM.

The DSWD received PHP19.43 billion from the DBM in 2022, enough to meet four of the TCT’s six monthly funding needs.

According to Pangandaman, the funding transfer demonstrates the Marcos administration’s steadfast commitment to assisting low-income Filipino households.

We won’t ignore our countrymen who are in need, “Hindi po natin pababayaan ang mga kababayan nating nangangailangan.” We will work to ensure that our fellow Filipinos, especially those who are vulnerable or in need, would be cared for and supported, by President Ferdinand R. Marcos Jr.’s directive, she stated.

“We thank our beloved President for quickly approving our suggestions to satisfy the DSWD’s special budget request for the implementation of the TCT program. It just demonstrates that the President prioritizes helping people who are in need, said Pangandaman. “Pinapakita lang po nito na prayoridad ng Pangulo ang pagkalinga sa ating mga kababayan na nangangailangan,”

The TCT program of the DSWD provides roughly 12.4 household beneficiaries with unconditional cash transfers of PHP500 every month for six months.

The program attempts to lessen the effects of rising fuel and non-fuel commodity prices on vulnerable groups.

The beneficiaries are made up of 2.4 families on the DSWD’s “Listahanan,” a database created to identify the nation’s poorest families, four million households under the Pantawid Pamilyang Pilipino Program (4Ps), six million non-4Ps who were former recipients of the Unconditional Cash Transfer Program, and four million households under the Pantawid Pamilyang Pilipino Program (4Ps).

QR Code

Save/Share this story with QR CODE


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.

πŸ“© Need to get in touch?

Feel free to Email Us 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.
4.) πŸ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

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
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x