Katas ng VAT flows to 730 elderly
ROXAS CITY – About 730 beneficiaries have benefited from the distribution of a one-time financial assistance from the Department of Social Welfare and Development (DSWD) during the distribution of “Katas ng VAT – Tulong Para kay Lolo at Lola” last May 28 at the Dinggoy Roxas Civic Center (DRCC) here.
The qualified recipients coming from various barangays of the city received P500 each as part of President Gloria Macapagal-Arroyo’s assistance to lessen the impact of the global economic crisis among the elderly sector.
The program aims to provide financial assistance to 70 years old and above who have no pension from SSS (Social Security System), Government Service Insurance System (GSIS) and the like, and are living with families who live within the poverty threshold.
The cash subsidy program was launched by the President in July 2008 to support the special needs of the elderly in recognition of their valuable contributions to nation-building as well as ease their plight amid the increase in prices of basic commodities.
A P500-million has been earmarked by the President from the oil VAT collection to alleviate the impact of high cost of living of our senior citizens. (PIA/A.Lumaque)