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The Division of Funds and Administration (DBM) on Monday confirmed that the federal government will launch one other P2.5 billion for the transportation sector and one other P600 million for the agriculture sector affected by the rising gas prices.
Division of Funds and Administration Undersecretary Rolando Toledo confirmed the choice through the listening to of the Home Committee on Transportation.
“We’re confirming the assertion of [Transportation] Secretary [Arthur] Tugade, it was [also] introduced to the speak of the folks. [The government] is giving once more one other P2.5 billion for the transport sector and one other P600 million for the agriculture sector,” he stated.
In accordance with Toledo, the second spherical of the gas subsidy is strongly supported by the Financial Improvement Cluster of the Duterte Cupboard.
Toledo stated the extra funds would come from the Workplace of the President.
Financial managers have earlier really useful to President Duterte to extend the finances allotted to the gas subsidy program to P5 billion from P2.5 billion beforehand. Additionally they proposed to boost the finances for gas vouchers for agricultural producers from P500 million to P1.1 billion.
In the meantime, Undersecretary for Highway Transport and Infrastructure Mark Steven Pastor additionally confirmed that the DOTr has already obtained the primary spherical of the subsidy for the transportation sector amounting to P2.5 billion.
“We confirmed that we already obtained the P2.5 billion underneath 2022 GAA [General Appropriations Act],” he stated.
Below the GAA, the Land Transportation Franchising and Regulatory Board (LTFRB) has a particular line merchandise for gas subsidy for transport sector affected by rising gas costs amounting to P2.5 billion.
Additionally, the GAA stated that the gas subsidy shall be used to offer monetary help or gas voucher to certified public utility autos, taxi, tricycle and full-time ride-hailing and supply providers drivers nationwide as recognized by the LTFRB, when the typical Dubai crude oil worth primarily based on the Imply of Platts Singapore for 3 months reaches or exceed $80 per barrel.
For her half, Assistant Secretary Cristina Clasara additionally confirmed that DBM Officer-in-Cost and Undersecretary Tina Canda has signed on Monday the P7-billion service contracting of public utility autos (PUV) program.
The LTFRB has additionally a particular line merchandise for service contracting of PUV program amounting P7 billion underneath the 2022 GAA.
Below this system, PUV drivers and operators will obtain performance-based incentives weekly primarily based on the variety of journeys made per week regardless on the variety of passengers.
This system goals not solely to financially help transport staff, but in addition to make sure environment friendly and protected operations of public transportation, and to assist health-care staff and Licensed Individuals Exterior Residence (APORs) amid the pandemic by the “Libreng Sakay” program.
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