The government is aiming to distribute the PHP200 monthly subsidy to beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) within the month, Malacañang said Thursday.
Acting Presidential Spokesperson Martin Andanar said around 12 million poor individuals will benefit from the cash aid.
“Once the money, amounting to P33 billion, is downloaded, it will be distributed and the target is to start it this month,” he said in an interview over Dobol B TV.
Andanar said the P200 monthly subsidy will be given on top of the 4Ps conditional cash grant of up to P3,450 per month.
The 4Ps conditional cash grant is composed of a P750 health and nutrition grant, educational grants for a maximum of three children per household – P700 for senior high school, P500 for junior high school, P300 for elementary, and a P600 rice subsidy.
“We already have funds for this. That is why the economic cluster is very conservative in giving it because we have to ensure our funds first,” he said in Filipino.
He echoed Finance Secretary Carlos Dominguez III’s statement acknowledging that the P200 monthly subsidy “is not enough” but it was all the government could afford “at this time.”
“As Secretary Dominguez said, it is what we can afford as of today. So, obviously, what the treasury can only give is all we can give, because if we go over there, we will have to take loans again,” he added in Filipino.