DBM allocates P206.5-billion cash aid in 2023 budget as inflation bites

Most of the money would go to the Department of Social Welfare and Development's social assistance programs.

MANILA, Philippines – The Department of Budget and Management allocated P206.5 billion for cash transfers and subsidies in the 2023 budget as the Marcos administration seeks ways to mitigate the impact of rising prices.

In a statement on Monday, November 7, the DBM said the amount would be earmarked for various government agencies. The breakdown is as follows:P22.39 billion for the Department of Health’s medical assistance for indigent families P14.

The P206.5-billion allocation is on top of other poverty alleviation efforts, including the Pantawid Pamilyang Pilipino Program, education subsidies, and health insurance programs, among others. Experts and debt watchers are closely looking at how the Marcos administration is allocating resources amid ballooning

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