30 Jun '11, 11am

#Philippines prioritizes combating #poverty--2012 budget extends welfare to 3 mil households

MANILA - PHILIPPINE President Benigno Aquino is to ask parliament to pass a US$42 billion (S$51.6 billion) budget that aims to give more poor families cash handouts next year, a senior aide said on Thursday. Under the budget bill, three million poor households will for a limited time receive a monthly allowance of up to 1,400 pesos (S$39.70) each, compared with 2.3 million families this year, Budget Secretary Florencio Abad said. 'This is a budget that is focused on achieving results; that the dividends of good governance reach the poor in a direct, immediate and substantial way,' Mr Abad said in a statement. A third of the 1.82 trillion-peso budget is pencilled in for basic education, public health and cash transfers to the poor, while nearly a quarter is for public works to support agriculture, tourism and industrial development. The budget, which Aquino will submit duri...

Full article: http://www.straitstimes.com/BreakingNews/SEAsia/Story/STI...

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