MANILA -- The administration of President Ferdinand R. Marcos Jr. will be providing around P206.50 billion in subsidies and cash support, or “ayuda,” under the proposed 2023 budget in a bid to support vulnerable sectors amid surging commodity prices brought about by global inflation
According to the Department of Budget and Management (DBM), the amount is composed of cash transfers and other subsidy programs by various agencies.
The Department of Social Welfare and Development (DSWD) will get a big chunk of the budget, with P165.40 billion to be allocated for the implementation of various social assistance programs.
About P22.39 billion will also be provided for the implementation of the Medical Assistance to Indigent and Financially – Incapacitated Patients (MAIFIP) by the Department of Health (DOH).
The TUPAD Program of the Department of Labor and Employment (DOLE) will be provided with P14.9 billion for next year, while P2.5 billion will be provided to the Department of Transportation (DOTr) for the provision of fuel subsidies to the transport sector.
Another P1 billion will be provided to the Department of Agriculture (DA) for the provision of fuel assistance to corn farmers and fisherfolk.
Other budget allocations in specific programs under the 2023 National Expenditure Program include P115.6 billion for the Pantawid Pamilyang Pilipino Program (4Ps); P25.3 billion for Social Pension for Indigent Senior Citizens (SPISC); P19.9 billion for Protective Services for Individuals and Families in Difficult Circumstances (PSIFDC); and P4.4 billion for Sustainable Livelihood Program (SLP).
Education budget, COVID-19 aid
Meanwhile, the Universal Access to Quality Tertiary Education (UAQTE) Program will receive P47.4 billion to subsidize higher and technical-vocational education while about P100.2 billion will be allocated for implementing the National Health Insurance Program (NHIP) of the Philippine Health Insurance Corporation (PHIC) to ensure affordable and inclusive healthcare.
The DBM said about P1 billion was also set aside for the COVID-19 compensation package that will cover an estimated 65,293 healthcare workers and P19.0 billion for the public health emergency benefits and allowances of 526,727 healthcare workers.
The budget department added that in order to provide financial support to 1.6 million indigent and financially incapacitated Filipinos who are unable to afford and access quality medical care, P22.4 billion has been provided for medical assistance to indigent and financially-incapacitated patients.
As a response to global inflation, the DBM said the 2023 NEP also earmarked P2.5 billion for the provision of fuel subsidies to public transport drivers amid the increasing prices of petroleum, while the DA’s fuel assistance program will receive P1 billion to alleviate the impact of rising fuel prices on local farmers and fisherfolk. (PND)
