PBBM orders release of P43-B social safety nets fund

Department of Budget and Management (Photo courtesy of DBM / Pixabay)

By Darryl John Esguerra | Philippine News Agency

President Ferdinand R. Marcos Jr. has ordered the release of P43.18 billion to fund financial aid, food support, pensions and livelihood programs for vulnerable Filipinos, the Department of Budget and Management (DBM) said Tuesday.

The funds, released by the DBM and coursed through the Department of Social Welfare and Development (DSWD), aim to ensure the uninterrupted and immediate delivery of social protection services amid ongoing economic pressures.

“Malinaw ang direktiba ng Pangulo: walang delay, walang bottleneck. Kapag tulong para sa tao, dapat mabilis, diretso, at nararamdaman agad,” Budget Secretary Rolando Toledo said in a statement.

He emphasized that the funding will directly support basic needs and social safety nets.

The largest share, amounting to P36.87 billion, will fund the Protective Services for Individuals and Families in Difficult Circumstances program.

Another P3.45 billion will go to the Supplementary Feeding Program for children enrolled in child development centers, while P2.05 billion is allocated for the Social Pension for Indigent Senior Citizens.

The Sustainable Livelihood Program will receive P810 million to help poor and marginalized households build income-generating activities.

“Sa panahon ng krisis, ang bilis ng pag-abot ng tulong ang tunay na sukatan ng serbisyo publiko,” Toledo said.

The DBM said the release complies with National Budget Circular No. 599, which requires approval from the Office of the President and submission of performance targets for new or increased budget items under the 2026 General Appropriations Act.

Popular

PBBM to endorse ‘best’ candidate for 2028 presidential race

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. on Friday said he will endorse the “best” candidate in the 2028...

PBBM: Pax Silica a ‘good deal’ to attract more investments

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. on Friday described the Pax Silica initiative as a “good deal,” saying...

Palace defends P7.2T budget, urges critics to study spending plan

By Darryl John Esguerra | Philippine News Agency Malacañang on Thursday hit back at critics of the proposed P7.2-trillion 2027 national budget, telling lawmakers to...

Palace: PBBM has no personal knowledge of DPWH ‘leadership fund’

By Darryl John Esguerra | Philippine News Agency President Ferdinand R. Marcos Jr. has no personal knowledge of the so-called “leadership fund” in the Department...