President Rodrigo Duterte approved the proposal of the Department of Finance (DOF) on Tuesday. The proposal is to provide a monthly subsidy of P200 per household for poor families, who have been affected by the fuel price hike.
During the interview that was aired on Wednesday, March 16. Finance Secretary Carlos Dominguez III proposed to provide additional cash aid to Filipino households who need it.
As per Secretary Dominguez III, “we provide targeted subsidies of P200 per month per household for 1 year to the bottom 50% of Filipino households. This will amount to P33.1 billion in budgetary requirements,”.
He added, “We realize this is not enough but this is what we can afford as of this time. And to make sure our finances going forward and especially for the next administration are still going to be healthy, this I believe is what we can afford,” which President Duterte agreed.
As per Presidential Spokesperson Martin Andanar, we should wait for the guidelines to be released by the Department of Budget and Management. They will announce the schedule of the distribution.