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• Realignment of P2.915 billion in the budget of the Department of Social Welfare and Development, specifically from the Pantawid Pamilya Pilipino Pr… - Francis Escudero
" "• Realignment of P2.915 billion in the budget of the Department of Social Welfare and Development, specifically from the Pantawid Pamilya Pilipino Program and the KALAHI-CIDSS projects to Social Pension for Indigent Senior Citizens which will benefit 460,647 senior citizens at a total cost of P2.770 billion in line with R.A. No. 9994 or the Expanded Senior Citizens Act of 2010. Additional funding of P20 million will also be provided for the Comprehensive Project for Street Children, Street Families and Indigent Peoples-especially Badjaos, as well as an additional P95 million for Protective Services for Individuals and Families in Difficult Circumstances.
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About Francis Escudero
Francis Escudero (born October 10, 1969) is a Filipino politician.
Also Known As
Alternative Names:
Chiz Escudero
•
Francis Joseph G. Escudero
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Additional quotes by Francis Escudero
• Restoration of the House cut on DPWH amounting to P242.6 million under MFO 3 or “Maintenance and Construction Services of Infrastructures” and the restoration of P1.318 billion under MFO 1 or “National Road Network Services.” In addition, an increase of P1.130 billion will be provided for the Quick Response Fund of the DPWH to bring it to P2 billion;
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The President’s proposed budget for FY 2015 under the N.E.P. or the National Expenditure Program amounts to P2.606 trillion, reflecting an increase of P341.372 billion or 15.07% higher than the Fiscal Year 2014 budget. It is anchored on a real GDP projection of 7-8%, an inflation rate of 2-4%, 364-day T-Bill rate of 2-4%, and a foreign exchange rate of P42-45 to the dollar.
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