The Senate has assured that 18 million Filipino families will receive emergency subsidies ranging from P5,000 to P8,000 for two months under the proposed "Bayanihan to Heal as One Act" bill.
This financial aid is intended for low-income households, including those with 'no work, no pay' arrangements, affected by the enhanced community quarantine implemented due to the COVID-19 pandemic.
The subsidy amount will vary based on the prevailing daily wage rate in each region, aiming to help families afford essential needs like food and medicine.
Of the 18 million beneficiaries, 4.4 million are existing beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps), who will receive a top-up to their regular subsidies.
The remaining 13.5 million non-4Ps households will receive the full P5,000 to P8,000 subsidy from various government programs.
The total estimated cost for this Emergency Subsidy Program is P97.4 billion per month, amounting to approximately P200 billion for two months, with assurances that the government has sufficient funds.
The Senate aims to pass the "Bayanihan to Heal as One Act" bill to grant President Duterte emergency powers to address the COVID-19 crisis, including the authority to realign government funds.
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