MANILA, (PNA)– The Dept. of Budget and Management announced Tuesday it has increased the proposed budget for the Pantawid Pamilyang Pilipino Program (4Ps) from P44 billion this year to P62.6 billion in 2014.
According to DBM, the increase was done to uphold President Benigno Aquino III’s bid to expand the 4Ps program and lower the dropout rate among the country’s poorest high school students.
In a statement issued by the DBM, the budget for 4Ps — also known as the Administration’s Conditional Cash Transfer program — is part of the P78.7-billion budget under the Dept. of Social Welfare and Development for 2014, as presented to Congress in July this year.
“Under the 4Ps, the DSWD provides cash subsidies to the country’s poorest families, with the condition that each beneficiary-household avails of maternal and child health care services and keeps their children in school,” Abad explained.