FOLLOWING the release of the additional funds for the Department of Social Welfare and Development’s Targeted Cash Transfer (TCT) program, the DSWD is now ready to facilitate the cash transfers to assist around 7.5 million beneficiaries in coping with the continuing effects of high inflation.
The Department of Budget and Management (DBM) announced in a statement on Tuesday, May 16, the approval of the Special Allotment Release Order (SARO) amounting to Php 7.6 billion, which will be utilized by the DSWD for the continuation of the TCT program.
Another batch of cash transfers for two months will be granted to the targeted Filipino households through the TCT program, according to DSWD Spokesperson and Assistant Secretary Romel M. Lopez. Each beneficiary will receive a total of Php 1,000.
“The DSWD has set mechanisms to implement the TCT program in a timely manner. We hope that through this additional funding, we will be able to help our kababayans for their daily subsistence,” Asst. Secretary Lopez said.
It can be recalled that President Ferdinand R. Marcos Jr. instructed the concerned agencies to continue the implementation of the TCT program to assist vulnerable and needy citizens, who are in most need of support from the government.
DSWD Secretary Rex Gatchalian has expressed the Department’s appreciation to the TCT Inter-Agency Committee, that includes the DSWD, DBM, the Department of Finance (DOF), and the National Economic Development Authority (NEDA) for prioritizing the budget allocation for the continuous implementation of the TCT program.
