7. 5 million households to get cash aid as Middle East crisis effects linger
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Listen to this articleUpgrade to listenPowered bySpeechifyAlready have Rappler+?Sign in to listen to groundbreaking journalism. SUMMARYThis is AI generated summarization, which may have errors. For context, always refer to the full article. AID. A jeepney driver claims his P5,000 fuel subsidy from the Department of Social Welfare and Development, during the distribution at the Quezon Memorial Circle in Quezon City on March 25, 2026. Jire Carreon/RapplerThe beneficiaries include those under the Pantawid Pamilyang Pilipino Program, poor and near-poor households, and low-income workers and their familiesMANILA, Philippines – The government will provide financial aid to 7. 5 million households as the country continues to be affected by theMiddle East crisis, PresidentFerdinand Marcos Jr. announced on Thursday, July 16. In a video message, Marcos said the newly introduced financial support, which will benefit around 37. 5 million Filipinos, expanded the coverage of UPLIFT or theUnified Package for Livelihoods, Industry, Food, and Transport Program. Here are the beneficiaries of the UPLIFT assistance:One-time cash aid of up to P2,000 for 3. 5 million beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) and Walang Gutom ProgramMonthly P2,000 cash aid from July to December for 2. 5 million poor and near-poor households identified through the 2024 Community-Based Monitoring SystemMonthly P2,000 cash aid from July to December for 1. 5 million low-income workers and their families validated through the Social Security SystemTheDepartment of Social Welfare and Developmentwill lead the rollout of the targeted cash assistance program. Marcos said digital channels will also be used to deliver the funds. Previously, the government provided fuel subsidies to transport workers,farmers, and fisherfolkto cushion the impact of oil price shocks brought by theUnited States-Israel war on Iran. The war broke out on February 28, with Iran closing the Strait of Hormuz, a key shipping route. Fragile truces have collapsed multiple times. (READ:Iran warns of ‘existential war’ as US strikes again)Despite recent easing in Dubai crude, pump prices in the Philippines, a net importer of petroleum products, remain high compared to levels before the hostilities began. Just this week, oil firms implementedanother round of fuel price hikes. On July 7, National Statistician Claire Dennis Mapa said the Middle East conflict would “still be a major factor to our overall inflation moving forward. ”– Rappler. comSummarize this article with AIHow does this make you feel?Loading