Low-income families in the Philippines are advised that they will receive a PHP 1000 cash assistance to help cope with inflation. This aid is part of the extended DSWD Targeted Cash Transfer (TCT) program, specifically designed for the most vulnerable sectors of society. The program has been allocated PHP 26.6 billion to provide subsidies to these sectors.1000 PHP DSWD Ayuda Cash Program Due to Inflation
In addition, the government is implementing measures to address the increasing inflation rate. The Department of Finance Secretary, Benjamin Diokno, has announced various actions, including the provision of a PHP 1,000 cash aid (PHP 500 for two months) to 9.3 million households through the extended Targeted Cash Transfer (TCT) program.
Please note that the information provided is based on the knowledge available up until September 2021, and there may have been updates or changes since then.
PHP 1K Subsidy Ayuda Program for Low-Income Filipinos
President Ferdinand R. Marcos Jr. stated that his administration will provide subsidies to vulnerable sectors and take steps to reduce prices and support the Filipino people. An inter-agency committee led by Marcos will address inflation and market outlooks while overseeing the government’s response to rising prices. The Transfer Certificate Title (TCT) program will grant cash transfers to beneficiaries such as members of the Pantawid Pamilyang Pilipino Program (4Ps), low-wage earners, senior citizens, farmers, fisherfolk, and those in the transport sector. Additional subsidies include fertilizer discount vouchers, fuel discounts for farmers and fisherfolk, and fuel subsidies for the transport sector affected by the Russia-Ukraine war. These measures aim to alleviate financial struggles for low-income families amidst increasing costs of goods due to global oil price surge. The government expects to fund these programs through improved tax collections and plans to implement them nationwide.
Video: Inflation Subsidy for Filipinos by DSWD
A UNTV news report discusses cash assistance in response to the high inflation rate in the Philippines. The assistance, lasting two months, is available to eligible beneficiaries. To participate, please refer to the video clip provided.
The PHP 1000 inflation cash assistance will be distributed to low-income families in the Philippines. The DSWD team will finalize the distribution. We hope this helps ease financial struggles caused by high inflation. Affected Filipinos are encouraged to contact DSWD for more information or assistance. Stay safe!”