(PAGASA 24-HOUR PUBLIC WEATHER FORECAST as of Saturday, 28 May 2022) Intertropical Convergence Zone (ITCZ) affecting Mindanao. The entire Caraga region will have a Partly cloudy to cloudy skies with isolated rainshowers or thunderstorms caused by Localized Thunderstorms. Possible flash floods or landslides during severe thunderstorms. Light to moderate winds coming from South to Southwest will prevail with slight to moderate seas (0.6 to 2.1 meters).



Tuesday, March 22, 2022

DOF asked to look for money for increased cash aid

Increasing the proposed monthly subsidy for poor families from P200 to P500 will help them cope in the midst of skyrocketing fuel prices, President Rodrigo Roa Duterte said on Monday, noting he has ordered the finance department to find a way to fund the scheme.

“I’d like to announce na --- sinabi ko kay Sonny (Dominguez), well also from the ground, ‘yung feedback, ‘yung ayuda niyo na P200. Sabi ko rin sa kanya talaga it’s too small, too small sa isang buwan,” President Duterte said during the ceremonial signing of the Public Service Act and Presentation of Various Enacted Laws in MalacaƱang.

“Kaya sabi ko, ‘Maghanap ka ng pera saan.’ Nagbubulungan kami. Masyadong mababa ‘yan. Cannot sustain a family of three, even four, five, ‘yung nasa baba, ‘yung may pinakamaraming anak.”

The recipients of the subsidy will be the country’s productive citizens in the future, he pointed out, adding it’s up to the next president to adjust.

The cash aid will be handed out to poor households already receiving conditional cash grants under the Pantawid Pamilyang Pilipino Program (4Ps), according to the Palace.

Communications Secretary Martin Andanar said in a radio interview that the monthly subsidy is on top of the cash grants already being given to beneficiaries of 4Ps, adding the additional aid will help them cope with inflation as a result of oil price increases.

Last week, President Duterte approved the recommendations of the finance department to support poor households in response to the rising fuel prices.

The recommendations include the retention of the fuel excise taxes and the grant of P200-per-month cash aid to the bottom 50 percent of Filipino households.

During President Duterte’s Talk to the People briefing last Wednesday, Finance Secretary Carlos Dominguez III said retaining fuel excise tax collection will benefit at least 12 million individuals from low-income households in the country.

Apart from the poor sector, the excise tax on fuel imposed under Tax Reform for Acceleration and Inclusion (TRAIN) Law will also provide the budget for the salaries of state workers and help fund infrastructure developments in the country, he pointed out.

The finance chief also refuted claims that suspending the collection of fuel excise tax will help soften the blow of the oil price hike, saying that this will instead cause more harm than good if it causes the Philippines’ debt-to-gross domestic product (GDP) ratio to increase.

Moreover, if the tax on fuel is reduced, it will only benefit the top 10 percent of income earners in the Philippines, which consume almost 50 percent of all the fuel.  PND