• Pantawid Pamilya budget raised to P62.6 billion for 2014

    1

    The Department of Budget and Management has proposed a P66.4-billion budget for the Conditional Cash Transfer (CCT) program next year, P22 billion more than what was budgeted for this year.

    The program, also known as the Pantawid Pamilyang Pilipino Program (4Ps), provides monthly financial subsidies to the poorest households, allotting montly provisions up to P500 to parents and P300 to children ages 6 to 14.

    “The expansion of the CCT program is designed to give financial support to in-need high school students, so they’re encouraged to keep at their secondary-school education under the K-12 system and receive their high-school diplomas,” Budget Secretary Florencio Abad said.

    Abad said that while the program helped boost enrollment in public elementary schools, “the dropout rate in our public high schools is still fairly high.”

    The P66.4-billion will be drawn from the P78.70-billion fund of Department of Social Welfare (DSWD) budget.

    The 2014 CCT program fund includes P48.3 billion to the 4.3 million poor families who are regular CCT beneficiaries; and another P12.3 billion for the Expanded CCT program that will provide P500 per month to 10.2 million children from ages 15 to 18 to help them finish high school.

    P2 billion will go to the Modified CCT program for the 7,007 homeless street families and 8,956 indigenous people living in the metro areas.

    As of June, the CCT program covered 3.9 million registered households.

    Kristyn Nika M. Lazo

     

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    1 Comment

    1. P66- billion yearly given free, why not invest it into labor intensive manufacturing company and hire these poor people, two birds in one shot to alleviate poverty and to solve unemployment problem.