The Department of Budget and Management (DBM) has allocated a substantial budget of PhP 49.8 billion for the Social Pension for Indigent Senior Citizens (SPISC) in the Fiscal Year 2025 National Expenditure Program.
President Ferdinand R. Marcos Jr. In his budget message underscores the government’s dedication to caring for elderly Filipinos.
“Acknowledging the importance of caring for our elderly – not just as a moral imperative but as a reflection of our nation’s values and commitment to an inclusive society – the Social Pension for Indigent Senior Citizens will receive a budget of P49.8 billion for 4,085,066 indigent senior citizens who will receive a monthly allowance of P1,000 to supplement their daily living and medical expenses,” the President said.
The funding will support the Department of Social Welfare and Development’s social protection program for over 4 million impoverished senior citizens.
These beneficiaries will receive a monthly allowance of PhP 1,000 to help cover their daily living and medical expenses.
Budget and Management Secretary Amenah “Mina” F. Pangandaman reiterated the importance of providing care and support to the elderly in line with the President’s directive.
“Sinusunod lamang po natin ‘yung direktiba ng Pangulo na bigyang pagkalinga at malasakit ang ating mga elderly. Nararapat lang din po na may sapat na pondo ang mga programang ito para nakukuha po ng ating mga lolo’t lola ‘yung mga benepisyo na nakalaan para sa kanila,” Secretary Pangandaman stressed.
The increased budget ensures that programs like the SPISC can adequately cater to the needs of our elderly population.
Furthermore, the expanded Centenarians Act will receive over Php 3 billion in 2025 to fund the Php 100,000 cash gift for Filipinos reaching the age of 100.
The law also includes an additional PhP 10,000 cash benefit for individuals aged 80, 85, 90, and 95. President Marcos signed R.A. 11982 earlier in 2024 to extend benefits to Octogenarians and Nonagenarians.
Secretary Mina emphasized the meticulous planning of the FY 2025 National Budget to ensure the continuity of essential programs.
“As emphasized by the President in his latest SONA, the proposed National Budget for FY 2025 was crafted with utmost care, diligence, and meticulous attention. And we expect our proposed budget will be adhered to as closely as possible. This is to ensure that programs like these will continue to serve our kababayans,” Secretary Mina said.
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