Pres. Duterte Speaks on Monthly Cash Aid for the Poor Filipinos amid the Oil Price Hike
DUTERTE – Philippine President Rodrigo Roa Duterte said he wants to increase the Php 200.00 monthly cash aid for poor Filipino households.
A lot of Filipinos now are struggling to cope with the high prices of oil following the series of oil price hikes. According to several drivers of public utility vehicles (PUVs), they can hardly bring home an amount that could attend to the needs of their families.
The national government released fuel subsidies for PUV drivers to assist them amid the high prices of fuel. Farmers and fisherfolks also received fuel subsidies to help them in their source of living.
Previously, there were calls for the suspension of the fuel excise tax. Many individuals believe that it is the solution to pull the prices of oil products down. Pres. Rodrigo Roa Duterte did not approve the said call to suspend the fuel excise tax.
The 76-year-old President heed the advice that the suspension of the fuel excise tax will result in billions of losses in government revenues. Instead, he wants monthly subsidies to be given to poor Filipinos to help them cope with the oil price hike.
Previously, the proposed amount for cash aid for the poor Filipinos was Php 200.00 per month. Based on a report on ABS-CBN News, Pres. Rodrigo Roa Duterte wants it raised citing that the amount is not enough for the expenses of a family consisting of four to five members.
According to the report, Pres. Duterte wants the Php 200.00 monthly cash aid for the poor Filipinos amid the oil price hike increased to Php 500.00. The Chief Executive said that he already ordered Finance Secretary Carlos Dominguez III to find a way so the poor households would be given Php 500.00 monthly.
Sharing that Dominguez cited that it will be on the shoulders of the next administration on how to continue giving Php 500.00 per month to poor Filipinos, the President told the Finance Secretary that it is already the next admin’s problem and they can borrow money to fill it.
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