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DBM approves P4.1 Billion special allotment to aid 4M beneficiaries

MANILA -- Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman approved on Monday, 01 August 2022, the release of the Special Allotment Release Order (SARO) amounting to P4,133,932,538 to the Department of Social Welfare and Development (DSWD) to help mitigate the impact of inflation, especially on the most vulnerable households, through the Targeted Cash Transfer (TCT) Program.

"This is good news, especially for the most vulnerable households, who will be the beneficiaries of the second tranche of the TCT Program. Sila iyong mga kababayan natin na lubhang naapektuhan ng pagtaas ng gasolina at iba pang bilihin. We want them to know and feel that their government is here for them. We are ready to help them," Budget Secretary Amenah Pangandaman said.

The P4.1 Billion budget allotment, which will cover the second tranche requirements for the implementation of the TCT Program, is expected to benefit over four million beneficiaries. Its immediate release was requested by the Department of Finance (DOF) to help mitigate the impact of inflation on our fellow countrymen.

Under the program, each non-4Ps beneficiary identified by the DSWD shall receive an amount of P500.00 per month for two months.

"Hangga’t kaya natin, patuloy po nating susuportahan ang mga programa ng pamahalaan na magbibigay-tulong sa ating mga kababayan. Sa kabila po ng pandemya at pagtaas ng presyo ng mga bilihin, patunay po ang ayudang ito na hindi po kayo pinababayaan ng gobyerno sa panahong kayo ay nangangailangan," Sec. Pangandaman added. (DBM)

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Kate Shiene Austria

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Information Officer III under the Creative Production Services Division of the Philippine Information Agency. 

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