The Department of Budget and Management (DBM) has allocated around P206.50 billion for cash subsidy programs under the proposed 2023 national budget to help Filipinos cope with the increasing prices of goods due to inflation.

In a statement, the DBM said it had been instructed by President Ferdinand “Bongbong” Marcos Jr. to aid those “in dire poverty.”

Budget Secretary Amenah Pangandaman said the proposed 2023 national budget was crafted to “withstand future risks, challenges and shocks.”

The P206.50 billion would be given to benefactors through cash transfers and other subsidy programs earmarked to various national government agencies.

The Department of Social Welfare and Development will be given the largest chunk of the total with P165.40 billion for the implementation of its social assistance programs.

The Department of Health will be given P22.39 billion for the implementation of its Medical Assistance to Indigent and Financially-Incapacitated Patients program.

The Department of Labor and Employment will be given P14.9 billion for its Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers program.

The Department of Transportation will be given P2.5 billion for the provision of fuel subsidies to public transport drivers amid increasing fuel prices.

The Department of Agriculture will be given P1 billion for the provision of fuel assistance to corn farmers and fisherfolk.

“We will continue prioritizing the implementation of existing programs geared to provide targeted subsidies and assistance to the most vulnerable sectors and we are hopeful that these interventions would effectively balance our need to sustain our growth momentum while cushioning the impact of the global inflation,” Pangandaman said. John Ezekiel J. Hirro