The Department of Budget and Management (DBM) disbursed on Wednesday an additional P1.59 billion on top of the existing P7.9-billion pension fund released this year to benefit over 200,000 military veterans, for year-end months of October to December.

In a statement, Budget Secretary Florencio “Butch” Abad said that the additional P1.59 billion will be sourced as usual from the Pension and Gratuity Fund, and will benefit the 206,154 certified veterans by the Philippine Veterans Affairs Office (PVAO).

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