THE Finance department said unconditional cash transfers amounting to P2,400 for 2018 will be distributed within the first quarter to some 7.4-million households, comprising the 4.4-million existing beneficiaries under the Pantawid Pamilyang Pilipino Program and three-million indigent senior citizens already receiving social pensions.
Finance Undersecretary Karl Kendrick Chua said Friday the schedule relayed to the DoF by the Department of Social Welfare and Development showed that 4PS beneficiaries will receive a top-up to their existing conditional cash transfers in February if they are getting their benefits through ATM cards, and in March if they get these over the counter.
OTC releases are those that beneficiaries get via conduits such as rural banks, cooperatives and non-government organizations.
Social pensioners will also start receiving their allocations in March this year, Chua said.
