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Extra P5 B released for 4Ps grants
By J.Lo
“This will help in addressing impact of inflation to poor Filipinos,” Budget Secretary Amenah Pangandaman said Department of Budget and Management (DBM) has released P5 billion for Pantawid Pamilyang Pilipino Program (4Ps).
Pangandaman has approved release of fund to Department of Social Welfare and Development (DSWD).
Additional resource will cover last year’s 4Ps grants in arrears or late payments due to deactivation or suspension of 4Ps beneficiaries comprising 703,888 households.
Flagship 4Ps program is national poverty reduction strategy of the government.
“DBM will do its part to streamline budget processes so that our citizens benefit from faster and more efficient delivery of essential services such as our 4Ps,” she said.
Funds will be sourced from last year’s continuing appropriations.
In his State of the Nation Address last month, President Ferdinand Marcos Jr.said over 420,000 households have graduated from 4Ps or assessed as self-sufficient.
Program offers conditional cash transfers to poor households to improve their health, nutrition and education.
Data showed implementation of 4Ps has covered total of 3.98 million household beneficiaries across 41,676 barangays in the country. This is roughly 90 percent of 4.4 million target households of DSWD.
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