Targeted cash transfer program has distributed PHP18.3B in subsidies for high fuel prices
The government’s targeted cash transfer (TCT) program, which was designed to mitigate the effects of fuel price hikes on poor households due to the Russia-Ukraine war, accomplished the distribution of PHP18.3 billion in subsidies to about 9.2 million household beneficiaries. “The TCT program intended to alleviate the initial shocks caused by high fuel prices on … Read more