Beneficiaries will receive their P500 via a cash card issued by the Land Bank of the Philippines.
BUDGET and Management (DBM) Secretary Amenah F. Pangandaman approved on Monday, 01 August 2022, the release of the Special Allotment Release Order (SARO) amounting to P4,133,932,538 to the Department of Social Welfare and Development (DSWD) to help mitigate the impact of inflation, especially on the most vulnerable households, through the Targeted Cash Transfer (TCT) Program.
“This is good news, especially for the most vulnerable households, who will be the beneficiaries of the second tranche of the TCT Program. Sila iyong mga kababayan natin na lubhang naapektuhan ng pagtaas ng gasolina at iba pang bilihin. We want them to know and feel that their government is here for them. We are ready to help them,” Budget Secretary Amenah Pangandaman said
