By Katrina Gracia Consebido
The Department of Budget and Management (DBM) released on Tuesday, Nov. 29, a total of P5.2 billion for the Targeted Cash Transfer (TCT) Program of the Department of Social Welfare and Development (DSWD).
Budget Secretary Amenah Pangandaman approved the release of the Special Allotment Release Order (SARO).
The said amount aims to cover the third tranche of the TCT Program which will benefit around 9.8 million beneficiaries.
“The DBM fully supports the projects and programs that provide social assistance to our fellow kababayans,” Pangandaman said.
“It was the President himself who gave thee marching orders not to neglect those in dire need. Thus, we will do everything we can in our capacity so that they may receive the benefits entitled to them,” she added.
TCT Program beneficiaries from the most affected households will receive an amount of P500.00 every month for 6 months.
The P5.2 billion release is part of the P9.1 billion computed requirement to cover the one-month grant for the P9.8 million beneficiaries and three-month grants for additional 2.6 beneficiaries of the TCT program. – gb
