THE government has released P1.2 billion to be spent on the needs of indigent senior citizens, the Department of Budget and Management(DBM) said on Tuesday.
The fund released to the Department of Social Welfare and Development (DSWD) will cover elderly indigents’ social pension.
The DBM said that under Section 5 of Republic Act (RA) No. 9994 or the Expanded Senior Citizens Act of 2010, indigent senior citizens could receive a monthly stipend worth P500 from the government.
RA 9994 defines indigent senior citizens as “any elderly who is frail, sickly or with disability, and without pension or permanent source of income, compensation or financial assistance from his/her relatives to support his/her basic needs, as determined by the DSWD in consultation with the National Coordinating and Monitoring Board.”
The P1.2-billion fund charged against this year’s national budget is seen to benefit 200,000 senior citizens.
The DSWD has been allocated P5.96 billion for the implementation of the social pension for indigent senior citizens program this year. This pension fund will support a total of 939,609 indigent senior citizens in 2015, according to the DBM.
“We crafted the 2015 budget to prioritize the poor and the vulnerable, including indigent senior citizens. This release will allow us to address the basic needs of our elderly indigents, who do not otherwise have the resources to support themselves,” Budget Secretary Florencio B. Abad said.
“As our economy expands, Filipinos young and old should benefit directly from our reforms. This is exactly what inclusive growth is all about,” Abad added. SFM
Read more: http://business.inquirer.net/191314/dbm-releases-p1-2-billion-for-indigent-senior-citizens-pension#ixzz3ZnOpUoFo
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
