Philippine News Agency
DBM releases P100-B for social amelioration programs of DSWD
The Department of Budget and Management (DBM) has released P100 billion to the Department of Social Welfare and Development (DSWD) for the social amelioration program aimed at assisting low-income households affected by the COVID-19 pandemic.
This initial fund release is half of the total P200 billion allocated for the program, which is expected to benefit approximately 18 million Filipino households.
The released amount will cover the first month's requirements for the social amelioration program, intended to mitigate the economic impact of the COVID-19 threat.
Beneficiaries will receive the assistance in the form of cash, with monthly subsidies ranging from P5,000 to P8,000 for two months, computed based on regional minimum daily wage rates.
DBM assured that the funding will be augmented if found insufficient after liquidation and reporting.
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