DBM Says P374.9B Pesos Already Released for COVID-19 Efforts

The Philippines has so far released 374.9 billion pesos to finance efforts against COVID-19 efforts, the Department of Budget and Management reported.

Budget Secretary Wendel Avisado reported a breakdown of the released amount, with the Department of Social Welfare and Development having the lion’s share.

He said, “The DSWD received the largest share in the amount of 200.98 billion pesos for their Social Amelioration Program, benefiting around 23 million low-income households in the country.”

The SAP provided households 5,000 to 8,000 pesos cash assistance monthly for two months.

The government has yet to complete the distribution of the second tranche of the program, as the DSWD earlier blamed logistical and security concerns for the delay.

Groups have urged the government to continue the SAP beyond two months, as inflation in May was faster for the poorest 30% households than the national average.

Source: https://www.gmanetwork.com/news/money/economy/746989/dbm-says-p374-89b-already-released-for-efforts-against-covid-19/story/

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