The Department of Budget and Management (DBM) assured funding for the strategic programs of the Department of Labor and Employment (DOLE) that aim to provide jobs to Filipino youth. ManilaBulletin
Budget Secretary Amenah F. Pangandaman said they allocated this year P1.4 billion to support DOLE’s Government Internship Program, Special Program for Employment of Students, and Job Search Assistance.
“In our goal of attaining progress and prosperity, we believe that having a healthy, productive, and equipped workforce will play a great role,” Pangandaman said in a statement. “That’s why President Ferdinand Marcos Jr. directed us to give prime importance in investing in our labor workforce, especially the youth,” she added.The program consists of three to six-month internship opportunities for high school, technical-vocational, and college graduates who want to work in the government. It targets some 12,000 beneficiaries.
To further prepare the beneficiaries as they enter the labor force, DOLE’s Employment Facilitation Program had been given a budget of P769 million.This is DOLE’s youth employment-bridging program that provides temporary employment to poor but deserving students, out-of-school youth, and dependents of displaced or would-be displaced workers during summer and/or Christmas vacation.For 2023, DOLE has a total budget of P26.
Earlier, National Economic and Development Secretary Arsenio M. Balisacan said the unemployment rate among the youth, defined as individuals aged 15 to 24, decreased significantly from 14.2 percent in February 2022 to 9.1 percent this year.
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