Cash transfer scheme to continue — Purisima

Published by rudy Date posted on March 27, 2012

THE GOVERNMENT plans to expand a landmark poverty alleviation scheme that provides cash aid to the country’s poorest households to benefit nearly five million families, a Cabinet official said.

Three million households currently benefit from the Conditional Cash Transfer program, which provides monetary assistance to families under a number of conditions including that they keep their children in school.

“We plan to continue to expand the program until all 4.8 million families in the [poorest 20% of the population] are covered,” Finance Secretary Cesar V. Purisima said.

The program is seen as a key priority for President Benigno S. C. Aquino III who has proposed to set aside P34.4 billion for the project in the government’s 2012 budget. — AFP

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