Pinakamahusay na mga stock ng pagsusugal?-Subsidy programs to be sustained
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THE government's current initiatives and subsidy programs will continue to help lessen the effects of inflationary pressures in the country, the National Economic and Development Authority (NEDA) said Tuesday.
Socioeconomic Planning Secretary and NEDA chief Arsenio Balisacan gave the assurance after the country's inflation rate significantly decreased to 6.3 percent in August 2022.
Balisacan said the government still offers fuel discounts to farmers and fisherfolk, with each qualified beneficiary receiving P3,000 in fuel discounts to lessen the impact of rising fuel prices.
Balisacan said a total of 131,145 accounts for target beneficiaries have been created nationwide as of Aug. 17, 2022, of which 120,827 accounts have already been loaded with fuel discounts and 42,084 cards have already been distributed to corn farmers and fisherfolk nationwide.
"It is our top priority to ensure that Filipino households have sufficient and healthy food on their table, especially the poorer sector of the society," said Balisacan.Get the latest news
"Most importantly, it is imperative to transform Philippine agriculture into a dynamic and productive sector to speed up our recovery and significantly reduce poverty in the country," added the NEDA chief.
Balisacan assured the public that NEDA will continue to implement programs to reduce transport and logistics costs to bring inflation down and protect the purchasing power of Filipinos.