SSS to hike spending for social protection

Published by rudy Date posted on August 10, 2010

THE Social Security System plans to increase its social protection expenditure by 5 percent next year from P80 billion this year as it strives to give ample assistance to its members.

“We have allocated P80 billion for our social protection expenditure this year. The amount should increase by 5 to 6 percent next year,” SSS officer-in-charge Horacio Templo said yesterday.

He said this is the amount that is being allocated by the pension fund to cover the claims of its members for their maternity, sickness and pension benefits.

Last year, SSS spent P73 billion to exercise its mandate on social protection.

“This is the extent of what we contribute to social protection,” Templo said.

An earlier report by the Asian Development Bank ranked the Philippines 22nd among 31 Asia-Pacific countries in social protection system.

But Templo clarified that the total expenditure protection that was quoted in the ADB study for 2004 to 2005 was grossly understated at P116.6 billion, which is equivalent to about 2.2 percent of the country’s total economic output as measured by Gross Domestic Product.

He said that since SSS is only one of several agencies that undertake the government’s social protection program, the amount could be much higher.

He said the actual amount could be double to triple what the ADB has quoted in its study since the P116.6 billion may even be less than what the three main agencies —SSS, the Government Service Insurance System, and the National Health Insurance Program are spending for their respective programs and mandates.

He said there are other agencies, such as the Department of Social Welfare and Development, which grants targeted assistance to the poor via the conditional cash transfers, and the Department of Education via its rice for school program.

He said the subsidies of the government on the operations of mass-based rail transport system in the country and on power generation are indirect subsidies meant to alleviate poverty.

“Ideally, the government should spend between 5 and 10 percent of GDP for social protection,” said Templo.

The study “Scaling Up the Social Protection Index for Committed Poverty Reduction” in The Philippines Country Report showed that the country registered an overall social protection index value of 0.18. –Elaine R. Alanguilan, Manila Standard Today

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

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – 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

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.