GMA News
DOLE stops accepting cash aid applications from formal sector as DOF rolls out wage subsidy
The Department of Labor and Employment (DOLE) has stopped accepting applications for its P5,000 financial aid for formal sector workers under the COVID-19 Adjustment Measures Program (CAMP).
This decision was made because the available fund for the program is nearly depleted.
DOLE is targeting to help some 321,000 formal workers through CAMP, and as of Wednesday, over 236,000 workers have already received the aid.
The Department of Finance (DOF) is launching a P51-billion wage subsidy program for workers in about 1.6 million small businesses, targeting middle-income earners with incomes between P18,200 to P109,200.
DOLE is still requesting a supplemental budget to aid an additional 500,000 formal sector workers.
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The Department of Labor and Employment (DOLE) has suspended applications for its COVID-19 Adjustment Measures Program (CAMP) due to near depletion of its P1.6 billion budget.
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