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P100 billion for first tranche of cash aid released: budget dept

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/04/03/20200323-covid-goods-distribution-san-juan-gc-1389.jpg"/><figcaption>Volunteers distribute goods in Barangay Batis, San Juan City on March 23, 2020. George Calvelo, ABS-CBN News</figcaption></figure></div>MANILA - The Department of Budget and Management said Friday it released an initial P100 billion to fund the state&#x27;s cash aid program for poor families during the COVID-19 pandemic.It will cover the first of 2 months of social amelioration for 18 million households, as called for under the Philippines&#x27; coronavirus response law, Bayanihan to Heal as One, the DBM said in a statement. The initial funding can be augmented, the agency said. Under the law, monthly cash aid of P5,000 to P8,000 will be given to qualified households.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/04/02/20/18-million-families-to-receive-cash-aid-on-top-of-food-packs-dswd-says">18 million families to receive cash aid on top of food packs, DSWD says</a></li>	<li><a href="https://news.abs-cbn.com/news/04/01/20/philippines-starts-processing-cash-aid-for-18-million-families">Philippines starts processing cash aid for 18 million families</a></li></ul>

The fund was released to the Department of Social Welfare and Development (DSWD) in accordance to the Bayanihan to Heal as One Act, the country's COVID-19 response, the DBM said in a statement.

The fund was released to the Department of Social Welfare and Development (DSWD) in accordance to the Bayanihan to Heal as One Act, the country's COVID-19 response, the DBM said in a statement.